by Selena Hill
June 26, 2019
The BE financial services companies include the largest black banks, investment banks, asset managers, and private equity firms. These companies manage trillions of assets as they diversify the capital markets and serve the needs of individual and institutional clients from Wall Street to Silicon Valley.
|2||Liberty Bank and Trust Co.||591.541|
|3||Carver Bancorp Inc. (Carver Federal Savings Bank) *||590.000|
|5||Citizens Bancshares Corp. (Citizens Trust Bank) *||411.073|
|6||Broadway Financial Corp. (Broadway Federal Bank) *||407.170|
|7||Harbor Bankshares Corp. (The Harbor Bank of Maryland)||282.599|
|8||First Independence Bank||257.244|
|9||M&F Bancorp Inc. (Mechanics & Farmers Bank)||257.200|
|10||City National Bank of New Jersey||167.570|
|12||Citizens Savings Bank & Trust Co.||103.080|
|13||Unity National Bank||93.832|
|14||Tri-State Bank of Memphis||82.336|
|15||Commonwealth National Bank||47.261|
READ MORE AT: https://www.blackenterprise.com/be100s/financialservices/
You Might also like
By Elliot Booker — 2 years ago
The recent finding by The New York Times that black students are still vastly underrepresented at the nation’s top colleges and universities is one sign of how little the country has managed to do to close racial gaps.
Unemployment rates among black workers give a similarly gloomy picture. The jobless rate for black Americans is generally about twice that of white Americans, a ratio that improves only somewhat in “good” times, like the present, and persists no matter the level of educational attainment. The overall unemployment rate for black workers is now 7.4 percent and for white workers is 3.8 percent. For college-educated workers, the recent average jobless rate was 4.2 percent for blacks, compared with 2.5 percent for whites.
The hard truth is that the persistence of twice-as-high joblessness for black workers has led policy makers to accept it is as normal. Just look at the Federal Reserve. Monetary policy is supposed to foster stable prices and full employment. But the Fed has historically favored inflation fighting over boosting employment, a policy bias that generally leads it to raise interest rates before the job market is as strong as possible, as measured by low unemployment and rising pay for all groups of workers. The Fed has already raised rates twice this year and many Fed officials appear to favor a third increase by year’s end, with evident disregard for the fact that black unemployment is now at levels that prevailed for white workers in 2012, when the economy was still very much in the shadow of the Great Recession.
Another hard truth is that even when the economy picks up and employers are on a hiring binge, black people have a harder time getting jobs and are paid less than similarly situated white workers. That is exactly what happened from 1996 to 2000, the last genuinely hot job market, and it points clearly to racial discrimination, not just in hiring, but in a range of public policies that disproportionately affect black people. These include the dearth and high cost of child care, which harms single mothers the most; poor public transportation in many rural and suburban areas, which makes keeping a job difficult; and mass incarceration of black men and the barriers to employment that go with it.
Other factors include erosion and weakness in the enforcement of labor standards and legal safeguards. The wage gap between black and white workers is larger now than it was in 1979 or in 2000, and has grown the most for college graduates.
The whole economy is weighed down by the higher unemployment among black Americans, in part because it deprived the economy of consumer demand, the main engine for growth. Worse, the job and wage gap signals a loss of human potential, a singularly valuable form of capital. The economy cannot be said to be at full employment while black workers lag behind their white counterparts. Nor can the society be said to be just or healthy.
By Elliot Booker — 6 months ago
Sebastiane Ebatamehi Mon, Apr 1, 2019
The Pan-African struggle is not an individual one, it is collective, and Africa needs you.
The concept of Pan-Africanism is perhaps more popular now than it ever was. There are great Pan-African activists scattered on the continent of Africa but only a few like Professor Patrick Loch Otieno Lumumba and Kemi Seba can match the determination of the early pan-African heroes.
One thing that has contributed to this, however, is the fact that modern education and innovation has taken the minds of African youths off Pan-Africanism. So, even though it is something they have heard of, they do not believe it is a worthy cause. To them, slavery and colonialism were in the past and Africans should embrace the future.
It is even surprising that many Africans see Pan-Africanism as a cult or fraternity of some sort, how sad?
Africa is battling with unthinkable poverty and underdevelopment despite its wealth and natural resources. Our people are dying and terror is upon the land. We have a duty to fight for Africa because we do not have any other continent that we can call our own.
To achieve this, we must all put aside our individual agendas as countries in the African continent, and uphold the general agenda of African unity, development, and progress. It is only by this that we can truly succeed as individual nations and collectively as a continent.
All it takes to be pan-African is to decolonize one’s mind from western interference that tends to put us at war with ourselves and people. It is in a simple acceptance that Africa’s redemption lies in her unity and to preach this ideology to others.
The definition of Pan-Africanism is not a bogus one. Schools of thoughts are divided as to whether it is a movement or barely an idea. In all fairness, it is safe to say it is both.
Pan-Africanism is generally accepted to umbrella the ideas and policies that preach Africa as a single entity which must unite in order to experience any tangible progress. There is a fundamental similarity among people of African descent and we share the same history.
Africans everywhere all live with the horrid history of slavery, colonialism, and neo-colonialism. We have a common enemy as we have always had. In the past, it was slavery and colonialism, now it is neo-colonialism (or imperialism).
Also, the cultural and traditional similarities between African nations are proof that we share the same roots and belong together. This is perhaps the greatest credit of pan-Africanism in its proof that African peoples share a common destiny.
The struggle for Pan-Africanism is not one that involves arms or war. In fact, the intellectuals are needed more than the laborers if we are to succeed.
To be a Pan-African, you do not need to register anywhere or belong to a particular group. Although there are various political and civil Pan-African groups and movements structured for different purposes around Africa, membership in a group or movement is not needed to be a Pan –African.
What we all need to do individually is to decolonize our minds and eliminate the beliefs imprinted in us that we are different and lesser than the white man.
Africa is one and colonialism is in its worst stage than it ever was during the slave era. What we are experiencing today is neo-colonialism and as Kwame Nkrumah said in his book, this is the last stage of imperialism. Africans cannot remain slaves forever.
Where does Africa stand today? Where we created by a lesser God? Are we as they say that Africans were created to serve the white man as hewers of wood and drawers of water? Do we not have a right to own and control our resources? Are we created to be exploited? Is our continent a lab for European superpowers to test their assault and chemical weapons? Why is the West so interested in Africa’s disunity? Why can’t we be truly independent? Why must Europe and America control our economies and leaders?
In your sincere answers to the aforementioned questions, lie the true reasons why we must all be pan-Africans. Africa needs you!
What are your thoughts?Post Views: 539
By Creator — 4 years ago
Talk show hosts Elliott Booker and Reggie Raghu make a presentation during the January 17, 2011 Overbrook Environmental Education Center’s Martin Luther King Jr. Day of Learning and Service. They discuss the plight of the black farmers and their own initiative to help the farmers by providing urban farmer’s market outlets throughout Philadelphia for their produce and crops.