Whether it’s saving for the holidays, a major purchase or for emergencies, use this simple guide to help you capitalize on these savings and keep more money in your pocket.
Despite plans from the banking industry to add more than one million jobs between now and 2020 and data revealing that Blacks are obtaining more…
Yesterday it was reported tthat Cincinnati City Manager was given an ultimatum- quit or be fired and last night during a press conference on Fountain Square, Mayor-Elect John Cranley confirmed that he had accepted Dohoney’s resignation. This news comes as no surprise since Milton Dohoney has crafted everything that John Cranley is against. Hold on […]
Black-owned banks have long offered financial stability and credit to the African-American community. But lately, black-owned banks have been harder to find. In 1994, there were 54 black-owned banks across the nation, but today there are only 28 according to the FDIC. Experts say the reason for the decline are the affects of the recession. […]
Carver Federal Savings Bank, the largest Black-run bank in the U.S. is the latest bank to be bailed out. Carver Federal Savings received a $55 million cash rescue from key investors including Citigroup, Goldman Sachs, Morgan Stanley. See also: Bank Of America Website Issues Continue “This represents a significant shift from community ownership to corporate,” said […]
WASHINGTON (AP) — Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards. Rep. Peter Welch, D-Vt., and four other Democrats said Thursday that they’ve asked Attorney General Eric Holder to see if big banks […]
While everyday Americans suffer in these tough economic times, big banks, largely responsible for the crisis with their “too big to fail” power, enjoy record high profits. In a grassroots effort to get back at these institution, communications firm Fearless Revolution has created a step-by-step guide to leaving your big bank and joining a credit union. Fearless Revolution […]
Since the 19th Century, African-American-owned banks have played a vital role in the economic development of our communities. Between 1888 and 1934, there were more than 130 U.S. banks owned by African-Americans, which is believed to have been the force behind the explosion of African-American businesses, which grew from 4,000 in 1867 to approximately 50,000 […]
More than 50 cities and at least three states now have programs modeled on the 3-year-old Bank On San Francisco.
