Tag Archives: banking industry

Five Legal Terms Every Business Owner Should Know

Black Entrepreneurs File Lawsuits Against Mercantile Bank Corp

Business owners cite discriminatory lending practices

Entrepreneurs in the suit say Mercantile sought to increase minority lending but took a “zero…

By Janell Hazelwood

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$1.8 Billion Deal: BB&T Announces Plans to Buy National Penn

Bank on Black Enterprise corporate directors registry will expand mid-Atlantic presence

BB&T, a bank included on Black Enterprise’s 2014 black corporate director’s registry, will expand its…

By Janell Hazelwood

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Harriet Tubman: A Black American Hero and Founding Mother
(Image:  "Portrait of Harriet Tubman." Courtesy of the Moorland-Spingarn Research Center, Howard University)

New Money: Harriet Tubman Could Be the Face of the $20 Bill

President Obama thinks women on money is a good idea

A non-profit is pushing for women to take over the $20 bill. Who would you…

By Essence Gant

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10 Financial Institutions Hit By Hackers

These financial institutions suffered recent violations and data breaches

With the recent cases of Home Depot and JP Morgan being hacked, we take a…

By Kevin L. Clark (@KevitoClark)

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Image: jcsu.edu

Bank of America Donates to Johnson C. Smith Student Employment Program

JCSU receives $500,000 donation to improve student employment

Thanks to a $500,000 donation from Bank of America, Johnson C. Smith can work to…

By Courtney Connley

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CAMAC Holdings Inc. was the second black-owned enterprise to gain membership into the BE 100s billion dollar club when it reached the No. 1 slot on our 2003 INDUSTRIAL/SERVICE 100. In fact, the Houston-based oil and gas exploration, consulting and engineering company was only a hair away from achieving the milestone when it made its debut on our industrial/service list in 2002 - - gross sales for 2001 were $979.5 million. Operated by Nigerian-born Kase Lawal, CAMAC (which stands for Cameroon-American) grew through its ability to integrate upstream services, the production of oil and gas, and downstream operations, which included trading and refining of its products. CAMAC, which reported its highest level of revenues-- $2.43 billion-- on the 2009 list, left the BE 100s in  2011 after shifts in operational structure, management and ownership.

BE 100s Billion-Dollar Club: Lessons from Top-Earning Black Business

Check out the eight companies who have surpassed $1 billion in revenues

Over the past four decades, only eight black-owned companies have surpassed $1 billion in revenues.…

By Derek T. Dingle

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Help for Overdrafts: Wells Fargo Will Stop ‘Stacking’ Checks

Latest efforts can save consumers from some fees

Wells Fargo will begin processing customers’ checks in the order they are received and stop…

By Sheiresa Ngo

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Banking Malware Discovered on Google Play

Mobile banking app attacked

Malware clones a bank’s original app and then uploads it the Google Play store.

By Sheiresa Ngo

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Fraud Protection: Stop ATM Skimmers With One Simple Move

The newest generation of skimmers can blend in with ATMs, making it impossible to notice when your card is being scanned by thieves

The latest ATM skimmers steal your card information and PIN without you noticing, but you…

By Patrick Austin

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Most Consumers Don’t Understand Overdraft Penalty Plans

Pew report shows many don't remember even opting in

Recent report by Pew Charitable Trusts finds that more than 50% of consumers who incurred…

By Sheiresa Ngo

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King’s College Takes Bitcoin To School

A college degree, satellite TV, even pizza---all can be purchased with virtual currency

King’s College is the first accredited institution to accept bitcoin for tuition payment.

By Patrick Austin

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Isaac Torres (Image: Carver Bancorp.)

Carver Bancorp Inc. Names New Vice President

Isaac Torres brings extensive financial services and law experience

Carver Bancorp Inc., holding company for Carver Federal Savings Bank, a B.E. 100s Bank, has…

By Janell Hazelwood

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Report: Black and Hispanic Entrepreneurs Discriminated Against for Small Business Loans

Study follows experiences of businessmen seeking loans from same bank

Study that found discrimination followed experiences of white, black, Hispanic businessmen seeking loans from the…

By Richard Spiropoulos

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Employees at Drexel Hamilton. Photo by Jennifer S. Altman.

Investment Banking Firm Trains, Hires Returning Soldiers

Investment banking firm helps returning soldiers land jobs

It’s been well documented that veterans returning home after serving the country often struggle to…

By Alan Hughes

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Ash Cash Uses Financial Literacy to Empower Communities

Making people's money work for them

Ash Cash is advising people towards making better use of their finances

By Cedric 'BIG CED' Thornton

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Image: File

Cool Jobs: Goldman Sachs Exec Making Major Boss Moves on Wall Street

Executive brings global experience to latest U.S. post

Valentino Carlotti is a key player in Goldman Sachs’ sales and trading division, which this…

By Gil Robertson

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Intern Chronicles: Graduate Finds Career Clarity and True Purpose

Former financial services intern decided to take another route

Howard University graduate Moriah Thomas, candidly talks about her journey to realize her true career…

By Dominique Hobdy

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Cardinal Financial 4th-qtr Earnings Nearly Double

TYSON CORNER, Va. (AP) — Cardinal Financial Corp., a financial holding company, said Wednesday that…

By Associated Press

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Obama On Banks: A Bit Pragmatic Amid The Populism

WASHINGTON (AP) — President Barack Obama is pressing an overhaul of Wall Street regulations with…

By Associated Press

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Bank Of China To Sell Up To $5.8 Billion In Bonds

BEIJING (AP) — Bank of China plans to sell up to 40 billion yuan ($5.8…

By Associated Press

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