The Daughter of a Slave Who Did the Unthinkable: Build a Bank

  • Date: 25-Sep-2020
  • Source: The Wall Street Journal
  • Sector:Financial Services
  • Country:GCC
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The Daughter of a Slave Who Did the Unthinkable: Build a Bank

Back in Business is an occasional column that puts the present day in perspective by looking at business history and those who shaped it. Mr. Zweig's Intelligent Investor column will return next week.

Citigroup Inc. recently announced that Jane Fraser would become its chief executive next year, making her the first woman CEO of a major Wall Street bank. If Ms. Fraser has finally cracked the glass ceiling, it was Maggie Lena Walker who first battered down the walls.

The daughter of a former slave, Walker became the first Black woman ever to head a U.S. bank when she founded the St. Luke