Why Black Executives Are Disappearing From Some Big Banks

The video discusses the decline in the number of black executives in major banks like JP Morgan and Citigroup, despite efforts to boost diversity. It highlights the challenges in hiring and retaining black talent, with a lack of creativity and support being key issues. JP Morgan's CEO, Jamie Dimon, acknowledges the shortfall in diversity and outlines new initiatives. Some banks, like Wells Fargo, show improvement, while notable figures like Edith Cooper face unique challenges as minorities in executive roles.

What is one reason cited for the decline in black executives in major banks?

• High turnover rates in the industry

• Lack of interest in banking careers

• Increased competition from other sectors

• Insufficient support and creativity in hiring

What percentage of black employees is currently reported at banks like JP Morgan and Citigroup?

• 15.2%

• 12.3%

• 13.1%

• 10.5%

Which bank has seen an increase in black executive representation since 2012?

• JP Morgan

• Wells Fargo

• Bank of America

• Citigroup

Who is a high-profile black executive mentioned in the transcript?

• Jamie Foxx

• Jordan Holman

• Edith Cooper

• Jamie Dimon

What challenge did Edith Cooper face as a minority executive?

• Being asked to pour coffee at meetings

• Lack of networking opportunities

• Limited access to resources

• Difficulty in getting promotions