banks

4Dec

By THEIRL1ADMIN01No Comments

Journalism

Black-Owned Banks Keep Community Money Where It Belongs

A national network of financial cooperatives is helping marginalized groups keep their money out of an extractive banking system. Me’Lea Connelly is from the Bay Area of California, but she has deep roots in Minnesota. Her mother’s family was one of the first to migrate to the state after slavery ended. When she was 15, her parents divorced, and she moved with her mother to Minneapolis. “I’ve always just felt more at home here,” Connelly said. “All my ancestors are just calling me home.” But that home, in Minneapolis’ Northside, has a severe shortage of shopping centers, grocery stores, and banks. In 2017, Minnesota was named the second-most unequal state for Black people in a study of Black and White inequality by 24/7 Wall St., a financial news and opinion website. Despite the ...

Black People Deposit Your Money In Black Owned Banks

Black People (African Americans) deposit your money in Black Owned Banks. A bank is one of the most important if not the most important institution in any community. A bank is a stabilizing force in the community it serves. It loans money to small businesses to help them expand and create jobs. It assist religious and community organizations to help them better address the particular needs of the community. It helps individuals to become home owners and help existing home owners make repairs and additions to their property.The bank does this because it gets the money it uses to make a profit for themselves from the community its located in. People finance the banks, banks in turn should finance the people's needs. This is how it works in every community except ours. In the African Ame...

The downfall of Tyra Banks:

There’s no denying Tyra Banks’ celebrity has faded. With every new year comes another failed project or devastating cancellation, and it’s hard to watch a model who was once one of the most sought-after beauties in the world struggle to keep her star shining. Source: The downfall of Tyra Banks: – NETVEN