New Economy Project: New Research Finds Big Banks Holding City Deposits Guilty of Modern Day Redlining
December 08, 2023
December 08, 2023
NEW YORK, Dec. 8 (TNSres) -- New Economy Project issued the following news release on Dec. 7, 2023:
New Economy Project today released a new analysis of home and small business lending in NYC, with a focus on the four banks that have historically held the largest share of NYC's municipal deposits. The analysis found these four banks - Bank of America, Citibank, JPMorgan Chase and Wells Fargo - responsible for egregious racial disparities in mortgage lending, as well as small busines . . .
New Economy Project today released a new analysis of home and small business lending in NYC, with a focus on the four banks that have historically held the largest share of NYC's municipal deposits. The analysis found these four banks - Bank of America, Citibank, JPMorgan Chase and Wells Fargo - responsible for egregious racial disparities in mortgage lending, as well as small busines . . .