Wall Street Project Economic Summit

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Banking on a New Model

City National Bank (No. 8 on the BE BANKS list with $358.43 million in assets) is a Newark, New Jersey, institution that has flourished during boom and bust cycles for nearly four decades. But just as its headquarters rests on the intersection of Broad and Green streets, just a few feet away from City Hall, the bank itself is at a crossroads.

How JPMorgan Chase’s Fellowship Initiative Helps Young Men of Color Achieve

And it’s working. This summer, 117 young men completed TFI. Every one of the TFI Fellows graduated from high school. Even as graduation rates improve nationally, many of the schools the Fellows attend struggle to increase their graduation rates for young men of color, with some only graduating about 60% of those students. All of the Fellows are college bound.

Young Wealth Builders

Young adults are taking care of business when it comes to personal finance. Despite reports about their financial illiteracy and indifference, some have learned from the financial meltdown of 2008 that a secure financial foundation is essential. A 2011 survey by a division of JPMorgan Chase and U.S. News &World Report shows that young adults (age 18–34) are concerned about responsible money management and want to pay down debt, spend less, save more, and create a budget. Of the 1,000 young adults surveyed, 54% said they wanted to save money.

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