Truist, Microsoft back FDIC fund to invest in minority-owned banks

"I like to joke that this isn't your grandmother's FDIC, and this fund certainly proves that we like to think out of the box," the agency's chair, Jelena McWilliams, said Thursday.

Original source: https://www.bankingdive.com/news/truist-microsoft-back-fdic-fund-to-invest-in-minority-owned-banks/606704/