Citigroup's Harold Butler on Backing Black Banks

The video discusses Citigroup's mentorship program aimed at supporting smaller and minority-owned banks. The program involves Citigroup employees working with these banks to help them grow and develop new revenue opportunities. The initiative is part of Citigroup's racial equity efforts and aims to empower banks by providing expertise and resources. The program also positively impacts employee engagement and retention at Citigroup, as many employees volunteer to participate. Leadership at Citigroup has been supportive of the program, which also serves as a recruitment tool for attracting young, mission-driven talent. The video concludes with a discussion on the future challenges and goals of the program.

What is the primary goal of Citigroup's mentorship program?

• To support smaller banks with expertise

• To increase Citigroup's profits

• To reduce Citigroup's operational costs

• To expand Citigroup's market share

How does Citigroup aim to support minority-owned banks?

• By acquiring them

• By empowering them with new assets and expertise

• By offering free financial advice

• By providing loans at lower interest rates

What is a significant benefit for Citigroup employees participating in the mentorship program?

• Faster promotions

• Higher salaries

• Increased vacation days

• Enhanced engagement and retention

How did Citigroup's leadership respond to the mentorship program proposal?

• They were skeptical

• They rejected the idea

• They were indifferent

• They were supportive and encouraging

What are young professionals looking for in a workplace according to the transcript?

• Flexible working hours

• Remote work options

• Opportunities for growth and mission-driven work

• High salaries

What is a key factor for young talent when considering a career at Citigroup?

• The location of the headquarters

• The company's stock performance

• The opportunity to support a greater good

• The size of the company

What is the long-term goal of Citigroup's mentorship program?

• To build capacity and ensure sustainable growth for minority banks

• To increase Citigroup's brand recognition

• To reduce competition

• To dominate the banking industry