Initiative Category: Inclusion & Diversity

How The Advancement Of Black Women Will Build A Better Economy For All

Black women in America face several hurdles to success, particularly regarding educational and professional opportunities, with the white-Black wage gap for female professionals at $12,700 in 2019. These inequities also mean lost productivity and lost economic growth.

Authentic Allyship: Talking About Race in the Workplace

SFA’s Diversity, Equity, and Inclusion (“DEI”) Advisory Committee is excited to announce a series of workshops designed to lead participants through interactive, insightful conversations on how to create more diverse, equitable, and inclusive workplaces. Our inaugural workshop, Thursday June 24 at 3:00 PM EDT, will be facilitated by Latesha Byrd, CEO & Founder of Byrd Career Consulting, and will explore approaching conversations on racial equity in a thoughtful manner, leading with empathy, building trust in colleagues to create a space where they can be their authentic selves, and providing safe environments for marginalized employees to feel seen, heard, and valued.

These 10 Black Bankers Are Reshaping Wall Street

A recent article by Bloomberg profiles the 10 black bankers that are reshaping wall street. Wall Street prizes innovators — people who think differently and change how business is done. We’ve identified 10 Black bankers, endorsed by their peers for being leaders who stand out in an industry that’s working to transform itself from one dominated by White men.

Without Change, Black Workers Won’t Reach Parity for 95 Years, Report Says

If there's no change in current promotion, attrition and external hiring rates, it may take about 95 years for Black private sector employees in the U.S. to reach parity in management positions — 12% representation overall, according to McKinsey & Company.

Only 1 in 3 Managers Check Their Black Female Employees’ Well-Being, New Study Shows

Just before the 2020 recession, Black female professionals were advancing in the workplace. But according to the U.S. Bureau of Labor Statistics, in January 2021, Black female professionals' unemployment rate continued to increase, reaching 9.0% from 7.7% in December 2020. Compare this percentage to white female professionals' unemployment rate, which held steady from December 2020 at 5.3%.

This Congress Is the Most Diverse Ever. But Hill Staffers Remain Overwhelmingly White.

Last month, when Michael J. Brewer became one of 10 communications directors of color out of roughly 100 in the U.S. Senate, he took it as a small sign of progress.

Professor Chris Brummer Calls for More Black Financial Regulators in SEC Black History Month Keynote

For Georgetown Law Professor Chris Brummer, the nation’s glaring lack of Black financial regulators is tied directly to the long history of economic injustice. In his keynote address at the Security and Exchange Commission’s Black History Month Celebration, Brummer challenged the agency to increase its Black representation

Black, Latina Women Disproportionately Lack Remote Work Options, Report Says

Black and Latina women continue to disproportionately struggle with the effects of the pandemic on the job market, according to a Feb. 10 study by WerkLabs, the data and insights division of The Mom Project. One-third of Black mothers and one-fourth of Latina mothers said they were unable to work remotely during the pandemic, compared to only one-tenth of both White and Asian mothers.

This Wall Street Veteran Is Working To Bring Diversity to Corporate America

When Dee C. Marshall worked on Wall Street, she was often the only Black woman in the room. These days, she is striving towards making corporate America more diverse. After the killing of George Floyd by a Minneapolis police officer last May, she’s seen a definite shift in attitude.

Structured Finance Association Statement on Nasdaq’s Proposed Diversity Rule

The Structured Finance Association (SFA), the leading trade group for the securitization industry, today released the following statement on a proposed rule from Nasdaq requiring public companies to adopt new diversity standards for their boards of directors.