Wells Fargo Commits $60 Billion to Increase Black Homeownership

(NNPA) – Wells Fargo & Company has set aside a staggering $60 billion to lend to at least 250,000 black homeowners by the year 2027. Metropolitan Atlanta’s second-largest bank also pledged to increase the diversity of its home lending sales team and spend another $15 million to give financial education and counseling over the next […]

Goldman Sach’s Small Business Program Alumni Create Jobs, Increase Revenue

LOS ANGELES (NNPA) — Eight hundred Southern California businesses have joined thousands of entrepreneurs across the country in an initiative to create jobs. The business owners are participants in Goldman Sachs 10,000 Small Businesses, a scholarship-based program that convenes them to learn critical business skills and create growth plans for their companies. Just one of […]

The Black Unemployment Rate is Double What Whites Experience

(NNPA) – Black workers lost ground last month, as the unemployment rate increased from 8.3 percent in September to 8.6 percent in October, according to the latest jobs report from the Labor Department. October was a bad month for Black workers, in general. Not only did the share of Black workers in the labor force […]