consumer banking

Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color | CNN Business

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[ad_1] CNN  —  When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for … Read more

Yellen: ‘Not anticipating a downturn’ in the US economy | CNN Business

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[ad_1] Minneapolis CNN  —  US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil among regional financial institutions. “I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said at a press conference … Read more