TheGuardian

OCTOBER 4, 2023

Economic arm of UN says pro-growth stance needed, with interest rate rises increasing inequality Central banks risk tipping a stalling global economy into a full-blown recession unless they relax their 2% inflation targets and adopt a more pro-growth stance, the economic arm of the UN has warned. Continue reading.

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American Banker

AUGUST 5, 2020

The Federal Reserve Racial and Economic Equity Act would direct the Fed to consider racial inequality in employment, income and access to affordable credit when making monetary policy and in its regulation and supervision of banks.

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PYMNTS

SEPTEMBER 23, 2020

Citi will take action to help close the racial wealth gap in the U.S., the company said in a blog post Wednesday (Sept. 23), written by incoming CEO Jane Fraser.

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American Banker

OCTOBER 7, 2020

Federal Reserve officials were challenged Wednesday to make big policy changes to combat economic and racial inequality. In response, the presidents of the Atlanta, Boston and Minneapolis reserve banks pledged to shake up some long-held practices.

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PYMNTS

DECEMBER 16, 2016

The second big problem is income inequality, with the White House data showing the share of income earned by the one-percenters has risen over the past 30 years. WSJ noted the growth rate of productivity in advanced economies has hovered at less than 1 percent during the past decade, which is around half the rate of the previous decade.

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TheGuardian

JULY 2, 2022

The inequality activist grew up in poverty, became a millionaire at Citi, then rebelled against a career that ‘wasn’t right’ Gary Stevenson became a multimillionaire by “betting inequality was going to destroy our economy and make the poorest in society even poorer”.

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BankNXT

JUNE 30, 2016

Jessica Ellerm on how income inequality is at the heart of topical issues such as Brexit and US politics. Income inequality, Brexit, Trump and the role of fintech on BankNXT. What role should the financial sector play in righting wrongs?

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PYMNTS

MARCH 31, 2016

This year more than most, bombastic speeches about wealth inequality and the shrinking middle class seem more like rhetorical props than actual issues in the real world.

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Banking Exchange

JUNE 21, 2021

Think tank research details how corporations, financials, non-profits and governments can leverage mission-focused lenders to help underbanked communities Community Banking Feature3 Feature Management People Diversity.

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The Paypers

JULY 27, 2020

Mobility Capital Finance (MoCaFi) , a US-based fintech, has launched an upgraded mobile banking platform, designed to help address inequalities in communities of colour.

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BankNXT

SEPTEMBER 26, 2017

Gender inequality in fintech, is cash still king, and the Equifax hack on BankNXT. Simon Taylor, David Brear and Jason Bates host a live and lively panel discussion and discuss cash, blockchain and Equifax.

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TheGuardian

JUNE 8, 2021

He said the recent rise in house prices – which topped 10% over the 12 months to March 2021, according to official data – was very likely to worsen inequality. Continue reading.

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Jessica Ellerm

JUNE 25, 2016

There is no question this populism is rooted in the growing gap in income inequality between the ‘have’s’ and the ‘have not’s’, which has found its outlet in Trump, Sanders and most recently Brexit. Fundamental income inequality is at the heart of the problem. Has banking lost its way?

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Chris Skinner

OCTOBER 31, 2019

Things we’re reading today include … Banks face compensation claim over payment fraud New Wells Fargo CEO says he wants to fix problems, isn’t a ‘wallflower’ Why the repo market went awry… Facebook sued for age, gender bias in financial services ads A scholar of inequality ponders the future of … The post Things worth (..)

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Chris Skinner

MARCH 26, 2019

Things we’re reading today include … Lyft wants to give free bank accounts and debit cards to drivers Bank boss bonuses to be savaged by watchdog Goldman’s Apple pairing furthers bank’s mass-market ambitions Jamie Dimon, spare us your crocodile tears about inequality | Robert Reich Mastercard to invest $300m in … (..)

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Payments Source

DECEMBER 18, 2020

Financial disparities have only worsened during the coronavirus pandemic. President-elect Biden’s team could address this issue by establishing an office of economic equality under the Financial Stability Oversight Council.

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American Banker

AUGUST 9, 2020

Institutions large and small are either creating new positions or elevating existing diversity heads to C-suite roles. Will the moves help banks improve equality within their ranks and better serve their communities?

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American Banker

SEPTEMBER 1, 2020

The bank's five-year commitment will focus on providing more capital to small businesses and expanding access to affordable housing and home ownership.

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Chris Skinner

MARCH 26, 2019

Things we’re reading today include … Lyft wants to give free bank accounts and debit cards to drivers Bank boss bonuses to be savaged by watchdog Goldman’s Apple pairing furthers bank’s mass-market ambitions Jamie Dimon, spare us your crocodile tears about inequality | Robert Reich Mastercard to invest $300m in … (..)

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American Banker

JUNE 5, 2020

As part of its commitment, the Minneapolis company said it will provide $100 million in capital to African American owned and operated businesses and organizations.

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Chris Skinner

AUGUST 9, 2018

We Got More Inequality. Things we’re reading today include … HSBC’s China Focus Continues To Drive Profits, But Leaves The Bank Vulnerable To Trade War Specter of Criminal Charges Raised at Australian Bank Inquiry We Wanted Safer Banks.

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Banking Exchange

DECEMBER 21, 2021

The bank has dedicated $20 million to initiative which seeks to address systemic inequities in education and career outcomes Community Banking Diversity Inclusion Human Rights Small Business Feature Management Duties Feature3 Fair Lending.

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American Banker

SEPTEMBER 19, 2016

income and wealth inequality, according to a new paper based on academic research from the Federal Reserve and foreign regulators. Contrary to their stated goals, the Fed's post-crisis regulatory and monetary policies may be contributing to U.S.

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Perficient

DECEMBER 15, 2020

Tom: We believe so strongly that this program can help address employment inequalities too often found in our industry, and we’re making investments to ensure progress happens. Andrea: I’m so proud to be part of an organization that is prioritizing efforts to resolve inequalities found throughout the industry. Any final thoughts?

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PYMNTS

JUNE 3, 2020

SoftBank is rolling out a $100 million loan fund targeted exclusively at minority-led startups, in the latest move by a big corporate player to address racial inequities in the United States amid coast-to-coast protests over police brutality. “This is our opportunity to remove those barriers for a new generation of founders.”

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American Banker

AUGUST 23, 2020

The Federal Reserve could ease capital rules, foster the creation of special-purppose banks and take other steps to strengthen minority communities and businesses without legislation being sought in Congress — if it has the will to do so, experts say.

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American Banker

OCTOBER 12, 2023

The goal is to reflect the increasing threat to financial stability that regulators now see from ESG factors such as climate change and inequality.

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Payments Source

AUGUST 26, 2020

The funds are part of PayPal's broader effort to confront race and income inequality. "It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit.

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Banking Exchange

FEBRUARY 22, 2021

BCT-Bank of Charles Town is the latest institution to address inequalities and improve corporate diversity Community Banking Feature3 Feature Human Resources Management Financial Trends.

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South State Correspondent

NOVEMBER 25, 2014

In case you missed it, the book is about economic inequality. Since summer, there has been a wave of shared experience started by a largely unknown French economist that produced “Capital in the Twenty-First Century.” Written by Thomas Piketty, the tome has become the conversation piece du jour among bankers.

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The Banker

MAY 24, 2023

Rising wealth inequality and booming corporate savings fuelled a ‘deposit glut’, increasing bank fragility; Silicon Valley Bank was the first victim, writes Guillaume Vuillemey.

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PYMNTS

OCTOBER 23, 2020

The inequalities that exist are deeply ingrained in historic systems and processes, which means we have to make an ongoing, active effort to redesign them,” said CNote CEO Catherine Berman. This investment is part of Mastercard’s push to “help close the racial wealth and opportunity gap.”.

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American Banker

MARCH 15, 2021

With a steady stream of Senate hearings held on the racial wealth gap and inequities in the financial system, the new chairman has set a consumer-focused agenda that leans further left than even past Democratic chairs.

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Chris Skinner

JUNE 15, 2017

This week’s Economist: What history says about inequality and technology The EU wants to supervise London clearing-houses after Brexit The Treasury publishes proposals to cut red tape. Things we’re reading today include … Company directors targeted by identity fraudsters U.S.

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American Banker

MAY 29, 2020

Chairman Jerome Powell said the Federal Reserve's actions during the coronavirus outbreak have been aimed squarely at helping U.S. workers, not Wall Street or wealthier Americans. He also said Friday that a new lending program geared toward middle-market firms is "days away" from getting up and running.

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Payments Source

NOVEMBER 15, 2018

While it takes a lot of effort from many different parties to reduce digital and financial inequality, it all starts with affordable internet connectivity, writes Sebastien Codeville, CEO of KaiOS Technologies.

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Chris Skinner

MARCH 8, 2017

Goldman Sachs’ lessons from the ‘quant quake’. The post Things worth reading: 9th March 2017 appeared first on Chris Skinner's blog.

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