One needs to have a solid experience in business and finance to become a bank CEO. Many bank CEOs begin their professional lives as analysts and advance through the ranks. They must be exceptional leaders with the capacity to make difficult choices in a hectic setting. A solid network of contacts inside the industry is also helpful.
According to reports, black-owned banks like OneUnited Bank and Carver Federal Savings Bank provide services to Jay Z, the well-known artist and businessman. He has urged his followers to support Black-owned businesses by speaking out in favor of doing so.
Co-founding Greenwood, a digital banking platform geared at supporting the Black and Latinx communities, is rapper and activist Killer Mike. Customers who use the platform can access virtual banking services and financial education thanks to partnerships with FDIC-insured institutions.
China owns a number of American banks in addition to being one of the biggest holders of US debt. The Bank of China, the Industrial and Commercial Bank of China, and the China Construction Bank all have offices across the country. However, these banks are governed and supervised by American authorities. In conclusion, the CEO of Goldman Sachs earns a big salary, but it is comparable to the pay of other top executives in the financial sector. One needs a solid foundation in business and finance as well as exceptional leadership abilities to become a bank CEO. Celebrities like Jay Z and Killer Mike are promoting Black-owned banks and financial institutions through their platforms. A few American banks are owned by China, although they are nonetheless governed by American laws.