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30 May 2020

Annie Massa, Bloomberg

BlackRock’s Fink follows banks in statement on race inequality

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“No organization is immune from the challenges posed by racial bias,” Fink wrote in a LinkedIn post dated Saturday. “As a firm committed to racial equality, we must also consider where racial disparity exists in our own organizations and not tolerate our shortcomings.”... The statement echoed remarks from CEOs at JPMorgan Chase & Co. and Wells Fargo & Co. earlier this week. Their comments came as protests over the death of George Floyd, who died in police custody after an officer knelt on his back and neck, continued across the country.