December 15th, 2015

Biogen Moves $10 Million To Black-Owned OneUnited, Joining the Fortune 500 Trend To 'Bank Black'

By Jen Wieczner

SOURCE: Biogen

DESCRIPTION:

Moving money to Black-owned or Black-led financial institutions is officially a Fortune 500 trend. Biogen, the Boston-based biotech company working on a treatment for Alzheimer’s disease, is depositing $10 million of its capital into OneUnited, a national Black-owned bank, the company said Thursday morning.

It’s the latest in a string of recent moves by large corporations to shift some of their money to Black-owned banks and lenders primarily serving the Black community in the months of unrest over racial injustice following the killing of George Floyd in May.

Continue reading

Tweet me: .@Biogen moves $10 million to Black-owned @oneunited, joining the Fortune 500 trend to ‘Bank Black’ https://bit.ly/3hc9aFl via @FortuneMagazine

KEYWORDS: NASDAQ:BIIB, Biogen, OneUnited Bank, Bank Black

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.