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Frederick H. Waddell

Chicago banks, investment firms join forces to boost minority hiring

Chicago banks, investment firms join forces to boost minority hiring

As the nation gets more diverse, 13 financial services firms with operations in the Chicago area have joined together to look for ways to get more black and Latino workers into their industry. The group, called the Financial Services Pipeline, will hold an invitation-only summit Nov. 20 at the Federal Reserve Bank of Chicago. Minorities are underrepresented in the financial services industry, according to figures cited by Chicago Community Trust, a local foundation that is also involved in the effort. More than 90 percent of senior-level staffers at Chicago-area financial services firms are white, according to a 2012 survey detailed on the trust's website. Among midlevel...

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