Financial marketplace pressed to be more inclusive

Comments:  | Leave A Comment

NEW YORK (NNPA)—After people of color were excluded last year from the two largest bond issuance deals in history—Verizon Communications, which sold $49 billion of debt, and Apple, Inc., which sold $17 billion of debt—the Rainbow PUSH Wall Street Project is stepping up efforts to expand opportunity for African-Americans, women and other disadvantaged groups.

“For many in the minority investment arena, a feeling of frustration exists because for almost two decades there has only been gradual progress in opening capital markets to more comprehensive diversity practices,” says a report issued last week by the organization led by civil rights leader Jesse L. Jackson Sr. “Many firms face constant challenges (undercapitalization, limited access to corporate decision-makers, arbitrary caps on utilization) and this one presented by the limited access to debt capital markets opportunities, only adds to the list.”

The report, titled, “Minority Inclusion in Debt Capital Markets: A Ranking of Corporate Issuers,” is part of an effort to compel large corporations to improve their record.

1 2Next page »

Comments

blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 9,484 other followers