Billionaire and investment mogul Bill Ackman, at the Forbes Philanthropy Summit, announced his plan to team up with minority-owned investment banks for a major business venture, specifically, female, ...
The current #BlackLivesMatter has created an avenue for black-owned companies to rise against the tide of segregation and discrimination. Black-owned companies that have suffered long-term discriminat...
Chesapeake Energy (CHK) joins the list of bankrupt companies after the company filed for a Chapter 11 bankruptcy on Sunday, making it the biggest oil and gas company to seek bankruptcy protection in r...
The coronavirus pandemic caused lots of damages to the economy and some companies are fighting to survive while some have given up trying to stay in business by filing for bankruptcy. Below is t...
In the space of 5 years, 2001 and 2016, the numbers of black banks in the United States fell by 54%. What led to the fall is often related to either because some of the banks were acquired or they fel...
A credit union is similar to a bank, however, the only difference between a credit union and a bank is that credit unions are established solely for the benefits of their members and not for profit-ma...
The court’s proceeding was in favor of Hertz Global Holdings Inc. to carry on with its plan to raise cash by selling shares that are potentially worthless. The Friday court bankruptcy hearing was ru...
In finance, a custodian is simply referred to as a financial institution responsible for holding and safe-keeping customers’ securities, trust funds and other assets to help them prevent loss or the...
Hertz global holding Inc (HTZ) operates a car rental service and it's been around since 1918. The company is trading under stock symbol HTZ, its market cap is $404 million. Hertz stock was tradin...
While many banks have signaled that they would pay out dividends to investors regardless of the coronavirus crisis, analysts at Keefee, Bruyette & Woods have come out to say that there were “21 ...