From Black Enterprise:
Some of Wall Street's largest financial services powerhouses, including Goldman Sachs Inc., Morgan Stanley and Citigroup Inc., helped save Carver Federal Bancorp Inc. from a possible shutdown or takeover by injecting $55 million of fresh capital into the nation's largest Black-owned bank.
Carver, No. 1 on the BE Banks list with $744 million in assets, announced last night that it raised the money from an investment group that includes Goldman and Morgan Stanley-which agreed to put in $15 million each-and Citigroup and Prudential Insurance Company of America-which invested $10 million each. Investments of $2 million each by American Express Co. and First Republic Bank, and $1 million by the National Community Fund round out the capital raising team for Harlem-based Carver, parent of Carver Federal Savings Bank.
-Read More here.