Citi Pledges to Become Antiracist

The video discusses City's $1 billion initiative aimed at promoting home ownership among black Americans and building affordable housing by minority developers. It highlights a study showing that eliminating discrimination could boost GDP by $5 trillion over five years. City is taking steps to become an anti-racist institution by addressing implicit biases in software and ensuring diversity among its partners. Outgoing CEO Michael Corbat emphasizes the importance of these efforts.

What portion of the $1 billion initiative is allocated to promoting home ownership among black Americans?

• None of it

• One-third

• Half

• All of it

How much additional funding is allocated for procurement opportunities for black suppliers?

• $500 million

• $200 million

• $100 million

• $350 million

According to City's study, how much could the GDP increase if discrimination against black Americans is eliminated?

• $7 trillion

• $3 trillion

• $1 trillion

• $5 trillion

What is one of the steps City is taking to address implicit biases?

• Reducing minority-owned bank investments

• Removing biases in software

• Increasing software complexity

• Hiring more white men

What is City ensuring about its outside partners?

• They have a diverse workforce

• They only hire black workers

• They focus on technology

• They have no minority workers