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Carver Bank Gets Much-Needed Capital Injection

Carver Bank Gets Much-Needed Capital Injection

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.

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With the line between business and lifestyle almost indistinguishable, it’s becoming more important to make time to escape the pressures of day-to-day demands — if only for a few days....

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