The National Association for the Advancement of Colored People has released a report card on how the nation's largest banks relate to African-Americans, and the results are not pretty.

The banks received a group grade of C-minus in the report, which came out Monday. Individual companies that fared worse include National City Corp., which received a D-plus, and U.S. Bancorp, Mellon Financial Corp., FleetBoston Financial Corp., KeyCorp, Citigroup Inc., and Wells Fargo & Co., which all got D's. Bank of America Corp., which has a close working relationship with the NAACP and recently gave it a $6 million grant to help educate homeowners and small-business owners about credit, received the ranking's highest grade: a B.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.