NNPA NEWSWIRE — Wells Fargo said it is also supporting each MDI’s development through a banking relationship in the form of a single touchpoint coverage model that will help them access Wells Fargo’s expertise and pursue strategic priorities like entering new markets, expanding locations, designing new products, and hiring staff to support loan growth.
Financial Management
Posted in#NNPA BlackPress, Black History, Business, Economy, Financial Management, National, News, NNPA, NNPA Newswire, Politics, Press Room
PRESS ROOM: U.S. Bank Launches New Approach to Build Wealth and Create Access for Diverse Communities
NNPA NEWSWIRE — In the Fall of 2019, U.S. Bank joined the Department of Treasury’s Mentor/Protégé program to provide vital support to Minority Deposit Institutions (MDIs). Since then, U.S. Bank has been providing developmental assistance and engaged in revenue generating opportunities with First Independence Bank, a Black-owned bank headquartered in Detroit, Michigan.
Posted in#NNPA BlackPress, Business, Commentary, Community, Featured, Financial Management, National, News, NNPA, NNPA Newswire, Op-Ed
OP-ED: Race and Data Discrimination in America
NNPA NEWSWIRE — We all know that African Americans have the largest increase in unemployment before — and even more after the beginning of — the pandemic. African American-owned businesses have had the greatest financial losses amidst COVID-19. The more unemployment in Black America, the more Equifax’s Work Number data is purchased by a wide range of financial status verifiers. But who is monitoring or challenging the accuracy of the Equifax Work Number data especially when it is about African Americans?
Posted in#NNPA BlackPress, Black History, Business, Community, Featured, Financial Management, National, News, NNPA, NNPA Newswire, Stacy Brown, Tech, Technology
Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock
NNPA NEWSWIRE — The band of amateur day traders that interact with each other on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and Koss stocks. Big investors, often in the form of hedge funds, frequently bet against struggling public companies using a process referred to as “shorting,” which allows investors to bet on the degree of misfortune a stock may experience and earn billions of dollars in profits as a result.
Posted in#NNPA BlackPress, Business, Community, Financial Management, National, News, NNPA, NNPA Newswire, Wells Fargo
5 tips to set your business up for success in 2021
NNPA NEWSWIRE — Online and mobile banking can help business owners monitor and manage their accounts from anywhere and make analyzing cash flow easier. In fact, 73% of small businesses utilize these services, according to Barlow Research. What 2020 exhibited is the ability of this functionality to help in preparing for uncertain circumstances, such as not being able to visit a physical bank branch for an extended period. Utilizing tools like these can provide extra insurance against potential challenges that may arise.
Posted in#NNPA BlackPress, Advice, Atlanta Voice, Business, Commentary, Community, Education, Family, Financial Management, National, News, NNPA
Kamdar: ‘Help your kids get financially fit in the new year’
ATLANTA VOICE — “My team at Chase is focused on creating tools and resources that support financial health. To help kids practice and learn how to earn, spend, and save, we created Chase First Banking — an account that can help make financial education easy, fun, and immersive. It helps parents to have real-time conversations around how much can kids get for allowances or chores, where they are approved to spend and how much, and how to set up savings goals right from the Chase Mobile app, and kids have access to their own debit card.”
