Fifth Third Community Development Corp. is investing an additional $2.5 million in First Independence Bank. The move makes Fifth Third the largest investor in the minority depository institution and community development financial institution.
We joined the Barclays Accelerator programme because we knew we could learn so much from them. There was no point just staying on our start-up island, and dreaming up fancy visions, we needed to get out of our comfort zone and engage with the big players in the market. It was important to us that we had our methods challenged by the bank. That’s how we created the magic.
Visa has made a three-year financial commitment to help the Universal Postal Union, which is the primary forum for cooperation in the global postal system, advance financial inclusion through its new Financial Inclusion Technical Assistance Facility. Of the world’s 661,000 post offices, 91 percent offer some form of financial services, and the UPU aims to increase the number of payment accounts held by posts by 250 million by 2020.
Corporate leaders from iconic U.S. companies will explore their efforts to help decarbonize the American economy at the U.S. Business Showcase hosted in the U.S. Climate Action Center at COP23 in Bonn, Germany. 2017 has been a remarkable year for business climate action.
Dr. Stuart Cowan will join the senior management team and lead Capital Institute's efforts to grow an international network of place-based regenerative community hubs. Hubs will receive support to nurture a launch team, tell their stories and share their lessons, map their regenerative assets, measure key indicators, create an action plan, implement key regenerative projects, and access regenerative investment capital.
As Barclays’ global fintech programme, the Barclays Accelerator, powered by Techstars, celebrates the graduation of its 100th company, we talk to three Barclays leaders about partnering with the disruptors – and helping define the future of finance.
Julia, who came to the UK from Lithuania aged 19, now works as a Barista in the Sacred coffee shop at Barclays head office in Canary Wharf. She earns the London living wage, which at last allows her to pay for the things she needs – and put savings aside. “Before this job I couldn’t even look at my account. Now I can go out with co-workers, and go to watch my favourite bands. I feel like I’ve got so much more freedom.”
The Estate Tax is on the chopping block in this second Gilded Age, yet there is probably no aspect of the U.S. tax code more aligned with the values that the Founding Fathers risked their lives for than the law taxing inherited wealth. Recirculating this wealth, either voluntarily or through taxation is fundamental to a healthy economic metabolism, as we know from the study of all regenerative systems. It’s not ideological.
Wells Fargo & Company (NYSE:WFC), NeighborWorks® America and its network member, Community Housing Development Corporation (CHDC), today announced the NeighborhoodLIFT® program is coming to the San Francisco Bay Area with a $9.7 million commitment by Wells Fargo to boost homeownership in Alameda, Contra Costa, San Francisco, and Solano counties.
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