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New York Times: Trying to Correct Banking’s Racial Imbalance

The New York Times, June 30, 2020: Trying to Correct Banking’s Racial Imbalance

Wole Coaxum was a managing director at JPMorgan Chase in business banking when a police officer fatally shot the unarmed Michael Brown in Ferguson, Mo., in 2014.

The killing caused Mr. Coaxum to rethink his career goals.

“Everyone needs the opportunity to effectively participate fully in the economy, and I wanted to be part of the conversation,” he said. “The issues, including the lack of access to banking and financial tools, were hiding in plain sight. But for a community to have a social justice plan without an economic plan is like one hand clapping.”

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