Wells Fargo CEO Charles Scharf said when he took over the top job in 2019 that his "first priority" was to clean up the bank's many messes. He is making progress — but still has more to do.
Goldman Sachs and the New York City Mayor's Office on Monday announced a $50 million initiative to support minority-owned affordable housing developers. The initiative, which is also backed by the Community Preservation Corp, aims to support affordable housing in New York City by facilitating credit for minority-owned housing developers, the bank said. There is a shortage of affordable housing in New York, the largest U.S. city with nearly 8.5 million residents and ranking among the nation's costliest rental and real estate markets.
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