Latest News for: Latino banking

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Wells Fargo investing in 5 Black-owned banks

Finger Lakes Times 14 Apr 2021
Wells Fargo is investing in five Black-owned banks, including two in Georgia, the company said Tuesday ... launched a marketing campaign aimed at the roughly 7.1 million American households without a bank account ... Among Black households nationally 13.8% have no bank account, while 12.2% of Latinos have no bank, according to the FDIC.
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El Mercadito is a market and more for Spokane’s Latino community

The Spokesman-Review 13 Apr 2021
The idea of creating this market was to provide culturally relevant foods for Latino and immigrant families who have been struggling financially, said Jennyfer Mesa, activist and co-founder of Latinos en Spokane, a nonprofit that provides assistance and resources to the Latino community.
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Wells Fargo investing in two Black-owned Georgia banks

Atlanta Journal 13 Apr 2021
Wells Fargo is investing in five Black-owned banks, including two in Georgia, the company said Tuesday ... As part of that, Citizens Trust Bank in Atlanta and Carver State Bank in Savannah will receive capital injections ... Among Black households nationally 13.8% have no bank account, while 12.2% of Latinos have no bank, according to the FDIC.
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Wells Fargo Invests in Five Additional Black-Owned Banks

The Marshall News Messenger 13 Apr 2021
banks and payment technology companies named as , the digital banking platform for Black and Latino individuals and business owners, as part of Greenwood’s $40 million of Series A funding. Greenwood is partnering with FDIC-insured banks to give customers the ability to spend and ...
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Column: There’s a racial gap in marketing by banks and payday lenders, study finds

The Los Angeles Times 09 Apr 2021
Almost 75% of mainstream banks did not feature a single picture of a Latino individual.” ... “Pushing African Americans and Latinos outside mainstream banking services and into high-cost, high-risk products creates a second-class tier of banking,” they say.
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Consumer Confidential: There's a racial gap in marketing by banks and payday lenders, study finds

Finger Lakes Times 09 Apr 2021
Almost 75% of mainstream banks did not feature a single picture of a Latino individual." ... "Pushing African Americans and Latinos outside mainstream banking services and into high-cost, high-risk products creates a second-class tier of banking," they say.
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Dahleen Glanton: Republicans can try to suppress Black voters, but they won’t succeed unless we ...

Finger Lakes Times 09 Apr 2021
I hope that Black and brown voters understand that we are on our own. Major corporations won’t stop the surge of new voter suppression laws. Moderate Republicans will not stand up for us. And it is unlikely the U.S ... So, we are on our own ... It means volunteering to knock on doors and man telephone banks ... Black and Latino voters don’t have to do this alone.
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BMO found AI, climate change and diversity opportunities in pandemic: CEO

Moosejaw Today 07 Apr 2021
TORONTO — BMO Financial Group's chief executive says COVID-19 hasn't stopped his bank from finding opportunities around artificial intelligence, diversity and climate change. Darryl White says the bank spent the first year of the health crisis ...
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A reckoning for Baltimore banks, asking them to invest billions more to help Black and ...

Baltimore Sun 06 Apr 2021
Leaders of the Community Reinvestment Act for Blacks and Latinos of Baltimore say it’s time for the banks to do more for minority-owned small businesses and for Black and Latino families that wish to own a home ... .
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Free banking in California? New bill tackles access and racial equity

The Los Angeles Times 06 Apr 2021
found that 15% of Black households and 13% of Latino households in California didn’t have bank accounts, compared with less than 1.5% of white and Asian households ... Federal officials found that in addition to those without any bank account, about a quarter of Latino and Black households in California were underbanked.
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Shareholders target 'white man’s world’ with record demands for diversity data

Politico 06 Apr 2021
JPMorgan, which has , in October committed $30 billion to diversity over the next five years, promising more mortgages for Black and Latino homebuyers, financing for affordable rentals, new bank branches in underserved communities and recruiting from historically Black colleges and universities.
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Donald Trump's share of the Latino vote surged to nearly 33% in 2020 election - ...

The Daily Mail 04 Apr 2021
‘In 2020, a segment of Latino voters demonstrated that they are more “swing” than commonly assumed,’ the report stated ... Biden still took home some about two-thirds of the Latino vote in the election, but the Trump surge proved to be a wakeup call for Democrats who were banking on maintaining their dominance with this particular demographic sector.
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How the pandemic has hurt small businesses

The Keene Sentinel 03 Apr 2021
Black- and Latino-owned businesses, for example, historically have been less likely to get bank loans than have white-owned companies with similar credit scores, Bradford says ... So when COVID-19 struck, Black- and Latino-owned businesses were even less likely to have the reserves to weather losses or to pivot to new products, Bradford says.
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Goldman promotes a flurry of female partners to executive roles

Yahoo Daily News 01 Apr 2021
2 job in the bank's asset management business, and Jacqueline Arthur was named deputy chief of staff for the executive office ... banks for increasing the presence of Black, Latino and female professionals at all job levels ... But Solomon has urged the bank to increase diversity in the top ranks more quickly.
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The deepening economic divide: How the pandemic has hurt small businesses

Finger Lakes Times 01 Apr 2021
Black- and Latino-owned businesses, for example, historically have been less likely to get bank loans than have white-owned companies with similar credit scores, Bradford says ... So when COVID-19 struck, Black- and Latino-owned businesses were even less likely to have the reserves to weather losses or to pivot to new products, Bradford says.
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