Banking Archives - Black Enterprise

Andrew Yang Touts People’s Bank To Serve Low-Income New Yorkers, Boost Minority Businesses

Derek MajorFebruary 19, 2021February 19, 2021

by Derek MajorFebruary 19, 2021February 19, 2021738

Democratic candidate for New York City Mayor Andrew Yang has announced his plan for the first city-backed financial institution to help low-income residents....

Business Sports

NBA Veteran Russell Westbrook Partners With Varo Bank, Leads $63 Million Investment Round

Cedric 'BIG CED' ThorntonFebruary 19, 2021February 19, 2021

by Cedric 'BIG CED' ThorntonFebruary 19, 2021February 19, 20211757

Varo Bank has announced it has partnered with nine-time NBA All-Star, NBA MVP, entrepreneur, philanthropist, and designer Russell Westbrook....

Money

Survey: Great Service and Low Fees Among Top Items People Want From Banks

Jeffrey McKinneyJanuary 8, 2021January 8, 2021

by Jeffrey McKinneyJanuary 8, 2021January 8, 2021747

While many Americans use digital devices to handle their money, superior customer service is the top amenity they want from their bank, according to a...

Money Technology

Google is Partnering with Banks to Offer Personal Checking Accounts

Lydia BlancoNovember 13, 2019November 13, 2019

by Lydia BlancoNovember 13, 2019November 13, 2019753

Google plans to offer checking accounts to users through the company’s digital wallet product, Google Pay. The project is currently code-named “Cache”, and it will...

Career Leadership

At Citigroup, Black Diversity Drops For The Eighth Consecutive Year

Adedamola AgboolaJune 25, 2018July 11, 2018

by Adedamola AgboolaJune 25, 2018July 11, 2018936

For the eight consecutive year, black diversity inside of Citigroup Inc., America’s fourth largest bank, is down to just one in ten employees, according to...

Business Entrepreneurship

45 Great Moments in Black Business: No. 45- #BankBlack

Derek T. DingleJuly 12, 2017April 16, 2018

by Derek T. DingleJuly 12, 2017April 16, 2018661

With this viral movement and renewed focus, BE 100s banks are also reaching a new generation of Millennials while meeting their historic mission....

Entrepreneurship

ISF Bank Taking Aggressive Steps to Become Viable Black-Owned Community Development Bank in Chicago

Jeffrey McKinneyApril 11, 2017September 29, 2017

by Jeffrey McKinneyApril 11, 2017September 29, 2017487

The bankâ€™s new mission is not just to survive, but become a viable community development bank to serve Chicago's South Side....

Money

10 Ways to Help Establish a Strong Banking Relationship

Cameka SmithFebruary 16, 2017September 23, 2017

by Cameka SmithFebruary 16, 2017September 23, 2017560

Are you best friends with your banker? Having a solid relationship with your banker can make a difference in funding your next project....

News Technology

Russell Simmons Cashes Out for $147 Million

Samara LynnFebruary 2, 2017September 23, 2017

by Samara LynnFebruary 2, 2017September 23, 2017400

Russell Simmons said the acquisition would "expand our opportunities and continue our mission to revolutionize the banking industry."...

Money

#BankBlack: 5 Ways to Increase Your Wealth Mentality

Shani Curry St.VilDecember 21, 2016September 23, 2017

by Shani Curry St.VilDecember 21, 2016September 23, 2017416

Teri Williams, president and owner of the largest Black-owned bank in America, talks about living a life of wealth and the importance of the #BankBlack...