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 is the significance of the $1 billion initiative mentioned in the text?

What are the main initiatives mentioned for promoting home ownership among black Americans?

How much GDP could potentially be boosted by eliminating discrimination against black Americans according to the city's study?

What steps is the city taking to address implicit biases in software?

What role do minority-owned banks play in the city's economic initiatives?