All posts tagged "Lending"

Many people across the country still have more money than they did before the pandemic. Despite median account balances having dropped over the past three years, account holders still have 10% to 15% more cash in the bank than they did in 2019, according to analysis released last week by the JPMorgan Chase Institute. While that report is based on the checking and savings accounts of 9 million Chase customers, it serves as a barometer for the broader state of personal finances nationwide. And with interest rates high and ongoing uncertainty about the economy’s future, you may be reassessing wha......

The money that families have sent to their relatives in Cuba for decades is now fueling an explosion of capitalism on the communist island. Businesses that facilitate that flow of cash have created a clever but complex system that is helping Cuban private entrepreneurs sidestep U.S. financial sanctions and buy abroad the supplies they need for their businesses on the island. Newly emerging agencies abroad, most of them in Miami, are using the cash paid by Cuban Americans to send to their families to buy and ship supplies ordered by Cuba’s entrepreneurs. The business owners in Cuba then reimbur......

In the early Eighties, when “High Tech” was still written with quotation marks and the region was starting to become known as The Silicon Valley, tennis buddies Bob Medearis and Bill Biggerstaff took their idea for a new bank to a poker game in Pajaro Dunes. Their wives and children would be joining them at their Monterey Bay beachfront rentals the next day, but Friday night the two men gathered their close friends, made a big dinner and explained the plan to open a bank specifically for tech companies. They would call their customers “clients” and name their business after the region’s trendy......

Brian Stelter may be leaving CNN, but the job’s not done yet, he vowed Sunday. Stelter said goodbye Sunday, days after the network announced that it was canceling the 30-year-old media criticism show “Reliable Sources” and that Stelter would be leaving with it. “I know it’s not partisan to stand up for decency and democracy and dialogue,” Stelter said at the close of his Sunday show. “It’s not partisan to stand up to demagogues. It’s required. It’s patriotic. We must make sure we don’t give platforms to those who are lying to our faces. But we also must make sure we are representing the full s......

CHICAGO — Emmett Till left his mother’s house on Chicago’s South Side in 1955 to visit relatives in Mississippi, where the Black teenager was abducted and brutally slain for reportedly whistling at a white woman. A cultural preservation organization announced Tuesday that the house will receive a share of $3 million in grants being distributed to 33 sites and organizations nationwide that are important pieces of African American history. Some of the grant money from the African American Cultural Heritage Action Fund will go to rehabilitate buildings, such as a bank in Mississippi founded by bu......