Tag : MDIs

Four Small Business Lending Predictions for 2021 Year
Banking Fintech Guest Posts

Four Small Business Lending Predictions for 2021

Jorge Sun
As we come to the close of a tumultuous year, the fintech industry is looking ahead to new policies and technologies to help power a recovery in 2021. A key part of recovery is focusing on the survival of small businesses, which are looking to lenders and community banks to......
JPMorgan Chase Announces Initiatives to Support Minority-Owned and Diverse-Led Financial Institutions
Banking Digital Fintech Investment Services News

JPMorgan Chase Announces Initiatives to Support Minority-Owned and Diverse-Led Financial Institutions

FTS News Desk
JPMorgan Chase today announced initiatives to further support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs), as part of the firm’s recently announced $30 billion commitment to advancing racial equity. MDIs and CDFIs provide vital financial services in communities that are often underserved. In order to provide this necessary funding......
Square Register launched in the UK
Banking Business Fintech Investment Services News

Square, Inc. to Invest $100 Million in Minority and Underserved Communities

FTS News Desk
Square, announced that it intends to invest $100 million in support of minority and underserved communities, driven by the company’s purpose of economic empowerment and its ongoing commitment to racial equity. The investment constitutes three percent of Square’s cash and marketable securities as of the end of the second quarter......
Morgan Stanley Closes Acquisition of E*TRADE
Banking Fintech Investment Services News

Morgan Stanley Announces $10 million To Support Minority Depository Institutions

FTS News Desk
Grants include $5 Million to Industrial Bank of Washington, D.C., and $5 Million to Citizens Trust Bank of Atlanta, GA Morgan Stanley announced $10 million in grants to Minority Depository Institutions (MDIs) including Industrial Bank of Washington, D.C., and Citizens Trust Bank of Atlanta, GA. These grants of $5 million......