Displaying items by tag: Financial Services

LendStreet, the financial technology and services company founded by Jerry Nemorin, announced it has raised an additional $117 million in its new venture capital round.

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Chicago faith leaders gathered to share their initiative to encourage their congregations to open accounts at one of the city’s Black-owned banks. The group, which…...

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The stars are shinning bright for Brown Capital Management this year. A small, talented team of portfolio managers propelled the BE 100s’ financial services company to becoming the first minority-owned firm to earn a series of coveted recognitions from Morningstar, the independent investment research and management company.Brown Capital’s Small C...

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Russell Simmons is finally able to run some errands without a disgruntled RushCard holder verbally attacking him....

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For Chicago-based investor and philanthropist John Rogers, the Rainbow PUSH Coalition’s annual Wall Street Project in New York City is a must-attend event....

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Wednesday, 04 November 2015 08:00

Russell Simmons speaks out on RushCard glitch

Russell Simmons hasn’t slept much since news broke in mid-October that users of his RushCard couldn’t access their own money and were locked out of their accounts, due to a computer glitch, leaving some unable to make rent payments, pay utility bills or buy groceries for their families....

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Friday, 09 October 2015 08:03

OneUnited launches $1M lending initiative

OneUnited Bank members and partners have launched a new community-based initiative aimed to help Liberty City residents build wealth and secure homeownership. On Thursday, Sept. 24, the bank and trustees of the Miami-Dade Chamber of Commerce hosted a private reception to celebrate the launch of “Yes! In Our Backyard.” The $1 million, 12-month pro...

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Tuesday, 09 June 2015 08:00

Chicago’s Oldest Black Bank In Jeopardy

Seaway Bank and Trust Co., on the South side of Chicago, may become the last black-owned financial company left standing in the Windy City. Currently, Seaway Bank ranks third on the BE100s Financial Services Banks list with $551.6 million in assets in 2014.According to Crain’s Chicago Business, Illinois Service Federal Savings & Loan, a thrift...

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While other teens were flipping burgers and babysitting, Kourtney Ratliff was helping to build one of the nation’s premier financial institutions. During high school breaks, she commuted 70 miles from her native Racine, Wisconsin, to Chicago to intern at Loop Capital, the bank her cousin James Reynolds Jr. founded in 1997. Today, Ratliff is a p...

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Besides the recession, other experts say minority banks are failing because they aren’t needed....

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