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Citigroup Traders, Bankers Vie to Do Stints at Black-Owned Banks

  • Company’s program is part of its mentorship of Black banks
  • Fewer than two dozen Black-owned banks remain in the U.S.
Gina Nisbeth
Gina NisbethSource: Citi

A group of Citigroup Inc. bankers and traders are seeking to join a new program that would allow them to spend time working at a Black-owned bank.

As part of the Wall Street giant’s efforts to mentor the country’s dwindling minority deposit institutions, Citigroup will debut a program on Thursday in which it lets senior executives help such firms shore up operations or establish new lines of business.