The White Wall: How Big Finance Bankrupts Black America
The White Wall: How Big Finance Bankrupts Black America
by Emily Flitter
English | 2022 | ISBN: 1982183241 | 328 pages | True EPUB | 7.44 MB
by Emily Flitter
English | 2022 | ISBN: 1982183241 | 328 pages | True EPUB | 7.44 MB
An explosive and deeply reported look at the systemic racism inside the American financial services industry, from acclaimed New York Times finance reporter Emily Flitter.
In 2018, Emily Flitter received a tip that Morgan Stanley had fired a Black employee without cause. Flitter had been searching for a way to investigate the deep-rooted racism in the American financial industry, and that one tip lit the sparkplug for a three-year journey through the shocking yet normalized corruption in our financial institutions.
Examining local insurance agencies and corporate titans like JPMorgan Chase, BlackRock, and Wells Fargo, The White Wall reveals the practices that have kept the racial wealth gap practically as wide as it was during the Jim Crow era. Flitter exposes hiring and layoff policies designed to keep Black employees from advancing to high levels; racial profiling of customers in internal emails between bank tellers; major insurers refusing to…