New Orleans Anyone who ever thought that corporations were going to help lead changes in American culture and society are sadly disappointed at the screeching of tires as companies put any notion of such a role into rear gear. A torrent of recent reports clearly documents the corporate world in retreat from earlier …
Category: Banks
Want a Soft Landing – Be a Bad Bank or a Pretend Startup
Mumbai The Adani Group is huge in India. They run ports, airports, construction, and more. ACORN and many others are toe-to-toe with them over their plans to develop Dharavi, the megaslum in the city center where we have worked for the last more than fifteen years. Recently, they were in the news for some accounting …
Redlining is Still a Big Issue, City National Bank in Los Angeles is an Example
Pearl River The crime is redlining, the pernicious policy of banks discriminating against lower income and minority communities particularly in mortgage lending. And, yes, despite passage of the Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act (HMDA) not only is redlining still happening, but the impacts of its history are still having …