Banking

Minority-owned banks are disappearing

Illustration
Illustration: Eniola Odetunde/Axios

Bank failures, mergers and closures have fueled a drop-off in the number of minority-owned banks.

Why it matters: The institutions seek to provide financial services to communities left behind and underserved by the mainstream banking sector.

Apple's secretive financial services

A illustration of the Apple Card.
Illustration: Aïda Amer/Axios

The Apple Card is facing accusations of sexism based on anecdotal evidence from David and Jamie Heinemeier Hansson, Apple co-founder Steve Wozniak, and countless other individuals on Twitter.

Where it stands: They allege that that wives were given lower credit limits than their husbands, even when they had the same income and even when the wife had a higher credit score.