by Anthony Colombo | Feb 19, 2019 | National, News, Public Bank, Public Banking
By Bonnie Melbers, Dec. 8, 2018, Grand Forks Herald The Bank of North Dakota turns 100 years old next year, but it’s just as important today as when it was founded in 1919, the bank’s executives said. It is the only active state-owned bank in the country....
by Anthony Colombo | Jan 2, 2019 | Commercial Banking, Economics, Environment, Local Economies, National, News, Public Banking
Jan. 2, 2019, Deonna Anderson, Yes! magazine The effort to divest from Wall Street—and stop environment-killing projects gained momentum after the historic pipeline protest. Here’s what a city needs, and could gain, from municipal banking. In February 2017, Seattle...
by Anthony Colombo | May 18, 2018 | Commercial Banking, Economics, Monetary Policy, National, News, Public Bank, Public Banking, Student Loans
By Zac Townsend | San Francisco Chronicle OPINION, May 7, 2018, 6:00pm We should organize San Francisco to prioritize supporting local financial institutions over big banks — some of the least ethical corporations in the United States. Almost every dollar the...
by Anthony Colombo | Mar 25, 2018 | Commercial Banking, Economics, National, New Jersey, News, Public Bank, Public Banking
March 25, 2018 – American Banker, Laura Alix Call it Bank of North Dakota envy. Whenever they are frustrated with the services provided by traditional banks — or lack thereof — public officials will float the idea of creating a government-owned bank that, similar to...
by Anthony Colombo | Mar 9, 2018 | Commercial Banking, National, New Jersey, News, Public Bank, Public Banking
At the 2016 Princeton Community Democratic Organization annual picnic, a pair of activists approached Phil Murphy with an unconventional idea: A public bank for New Jersey. Murphy, a longtime banker with Goldman Sachs, heard the activists out. Then, when he announced...
by Anthony Colombo | Jan 13, 2018 | National, News, Public Banking
by ADELE PETERS | Fast Company | 1/8/18 When the movement to push the city of Los Angeles from keeping its money at Wells Fargo grew in 2017–as in other cities that decided to pull money from the bank because of its fake accounts scandal and funding of the Dakota...