by Leila Salim | Mar 14, 2023 | California, Commercial Banking, Economics, National, News
By Oscar Perry Abello for NextCity | MARCH 13, 2023 — Focusing on wealthy people and their startup investments is not a sign of good risk management at a bank. Banking has never been about avoiding risk. It’s about managing risk. For years, especially...
by Leila Salim | Mar 10, 2023 | California, Economics, Local Economies, National, News, Public Bank, Public Banking
By KATIE LAUER for SiliconValley.com | February 26, 2023 — Financial lending would focus on affordable housing, small business, green energy and municipal finance Image above: Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange,...
by Leila Salim | Feb 15, 2023 | Economics, Equity, Local Economies, National, News, The Unbanked
Opinion by Ilana Preuss for Governing.com | February 14, 2023 — Due to racial bias and other disparities, too often they aren’t “bankable” and struggle to obtain loans essential for their success. Some programs are leading the way in achieving more-equitable...
by Leila Salim | Feb 14, 2023 | Economics, Equity, National, News
By Oscar Perry Abello for NextCity | February 14, 2023 Adelphi Bank in Columbus, which raised $20 million in startup capital, marks the country’s first new Black bank since 2003. Jordan Miller never thought it was in the cards for him to help start a new...
by Leila Salim | Jan 20, 2023 | Economics, National, News
By Pam Martens and Russ Martens for Wall Street On Parade | January 19, 2023 On Tuesday, Jerome Powell’s Federal Reserve once again thumbed its nose at President Biden’s antitrust directive regarding the creation of more mega banks through merger. This time...
by Leila Salim | Jan 13, 2023 | National, News
By Michael Finnegan for Los Angeles Times | January 12, 2023 City National Bank has agreed to pay $31 million to settle a U.S. Justice Department lawsuit alleging racial bias in its home mortgage lending in Los Angeles County. The government’s complaint,...