Posted by Jennifer Swartz in : News, Partners ,
Government-backed merger a model for dozens more in the wings for banking
Pittsburgh and Cleveland, two bitter Rust Belt rivals on the football field, have become the proving ground for the federal government’s controversial $700 billion bid to staunch a credit crisis that has spilled over from Wall Street to Grant Street and Euclid Avenue. Analysts [...]
Posted by Jennifer Swartz in : News, Partners ,
Bank of New York Mellon officials Wednesday pledged $3 million over six years to help create jobs, train workers and provide social services for Hill District residents.
In exchange, the company plans to receive tax credits equal to 80 percent of the contribution under a deal that Hill District residents, city officials and the Penguins struck [...]
Posted by Andrew Macurak in : Partners, Resources ,
NCRC has released the second edition of its groundbreaking research report, Income is No Shield Against Racial Differences in Lending.
The new report shows that minority consumers, regardless of income level, are most at risk of receiving high-cost home mortgage loans. High-cost loans represent the riskiest and most poorly underwritten home mortgages, millions of which have [...]
Posted by Andrew Macurak in : Members, News, Partners ,
An eight-month-old fund that has already loaned $1.6 million to nonprofit groups that boost urban areas will dramatically ramp up its lending, officials said yesterday.
That’s because PNC Financial Services Group has loaned $5 million to the Urban Economic Loan Fund, part of Landmarks Community Capital Corp. Landmarks plans to quickly turn that money into capital [...]
