Financial institutions open Detroit area locations based on racial makeup
November 18, 2024
November 18, 2024
ANN ARBOR, Michigan, Nov. 18 -- The University of Michigan issued the following news:
Study abstract: Census tract and neighborhood racial change and the locational decisions of financial services in Metro Detroit (DOI: 10.1177/08969205241287127)
The placement of banks, credit unions and alternative financial services is significantly influenced by changes in the neighborhoods' racial composition, even when factors like income and poverty are taken into account, accordi . . .
Study abstract: Census tract and neighborhood racial change and the locational decisions of financial services in Metro Detroit (DOI: 10.1177/08969205241287127)
The placement of banks, credit unions and alternative financial services is significantly influenced by changes in the neighborhoods' racial composition, even when factors like income and poverty are taken into account, accordi . . .