University of California professor Raphael Bostic has made history Monday as the first African-American president of one of the Federal Reserve's 12 regional banks.
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.
According to the Charlotte Observer, Bank of America has given $100,000 to the victims of the June 17 Charleston shooting and to a Charleston African…
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 […]
Waters insists she did nothing wrong. “I have not violated any House rules,” she said in a statement released Monday. “I simply will not be forced to admit to something I did not do and instead have chosen to respond to charges made by the [ethics committee] in a public hearing. … The case against […]
