Archives
CDFI Small Business Lending Program Finally a Go
The Treasury department announced last week that it will provide up to $1 billion in Troubled Asset Relief Program Funds to spur lending by Community Development Financial Institutions to businesses in the areas hardest hit by the economy.... (Continue reading)
Talking Points: Obama’s Economy
When Barack Obama took the national stage as president on that bitterly cold day last January, he inherited an economic crisis of cataclysmic proportions. From day one, the chief executive sprang into action, pushing through a program to stabilize the... (Continue reading)
Washington Report
Written on 11 Dec, 2009 at 15:51 in Business News | viewed viewed 684 times times | 0 Comments
Washington Report: Week of Dec. 7-11... (Continue reading)
Obama Announces Plans to Boost Small Business Lending
Written on 28 Oct, 2009 at 11:14 in Small Business | viewed viewed 456 times times | 1 Comment
Flanked by thousands of boxes of paper records stored by Metropolitan Archives, a Maryland-based business that used an Small Business Administration loan last year to buy its building, Obama said, “There’s still too little credit flowing to our small businesses,”... (Continue reading)
Piedmont to Manage Piece of TARP Pie
Written on 15 May, 2009 at 19:11 in B.E. 100s | viewed viewed 985 times times | 3 Comments
In what could be a landmark deal for Piedmont Investment Advisors LLC (No. 10 on BE Asset Managers list with assets under management of $1.831 billion) was selected with two other firms by the U.S. Department of the Treasury to... (Continue reading)
Will Bailout Funds Benefit Main Street?
Written on 14 Apr, 2009 at 15:02 in Business News | viewed viewed 657 times times | 2 Comments
Can the Obama administration convince ordinary Americans that the rescue of the financial system serves everybody and not just Wall Street institutions? If the government succeeds in pushing fund managers to create a new breed of investment instrument, small investors... (Continue reading)
Auto Suppliers: A Sinking Industry Could Mean Drastic Depletion
Written on 2 Apr, 2009 at 17:16 in Business News | viewed viewed 511 times times | 1 Comment
Business became more complex in the U.S. auto supplier world after General Motors Corp. and Chrysler L.L.C.'s comeback plans failed to impress the U.S. government this week, making the notion of a bankruptcy for the American automakers an even more... (Continue reading)
CBC Hosts TARP/TALF Access Summit
Written on 31 Mar, 2009 at 13:33 in Politics News | viewed viewed 691 times times | 1 Comment
Federal Reserve Chairman Ben Bernanke participated in a closed-door meeting yesterday with members of the Congressional Black Caucus and more than 300 minority and women entrepreneurs who’d eagerly accepted a last-minute invitation to attend the CBC’s TARP/TALF Access Summit. ... (Continue reading)
Carver Federal Savings Bank Turns 60
Written on 27 Mar, 2009 at 17:20 in B.E. 100s News | viewed viewed 1,911 times times | 5 Comments
While many large commercial banks cling to life or become engulfed by the specter of death, Carver Federal Savings Bank is celebrating its 60th anniversary. Proving to not only have a propensity for withstanding economic turmoil, the black-owned bank has... (Continue reading)
Rep. Maxine Waters Under Scrutiny Over Bank Ties
Written on 13 Mar, 2009 at 15:21 in Politics News | viewed viewed 666 times times | 1 Comment
California Rep. Maxine Waters, a member of the House financial services committee and the Congressional Black Caucus, has come under fire this week for allegedly using her influence to help OneUnited Bank, an institution in which she and her husband... (Continue reading)
