"Bank black, bank small and bank local."
Now that I have your attention, we can talk about the financial service needs of the working poor comprised of the financially disenfranchised, immigrants and lower tier of the middle class and which type of banking institution is positioned to best meet their needs.
The handful of Wall Street's sprawling too-big-to-fail "banks" pose a unique, dangerous threat to America's families, workers, financial system and economy, which their "hide and disguise" strategy tries to conceal.
Financial institutions across the U.S. this week celebrated small businesses in a big way -- offering grants from $10,000 to $100,000, holding seminars, and touting their service and commitment to those firms considered to be the backbone of the U.S. economy.
Wall Street and its allies are once again pretending to care about community banks while trying to roll back financial reform to help, you guessed it, Wall Street. But, don't be fooled by industry's spin on this so-called "study."
Senator Elizabeth Warren's Q&A at a Senate Banking Committee hearing on February 12, 2015 titled, "“Regulatory Relief for Community Banks and Credit Unions.”
State Bank of Texas has produced a 5.1 percent return on average assets and an efficiency ratio of 24.4 percent through June
Comparing the investment benefits derived from buying scattered single family homes and condominium units, versus multifamily rental properties is a no brainier.
Studies show locally owned businesses are a primary source of net new job creation. Yet independent businesses in many sectors are losing market share, while the number of new startups has steadily fallen over the last two decades. Insufficient capital is a key culprit driving these trends.