The California Public Banking Alliance and Public Bank East Bay organizer Susan Harman started a women’s public banking group with Women’s International League for Peace and Freedom to encourage women activists across the country to get involved in the public banking movement and...
Trinity Tran’s article, “Transcending Finance with Public Banking,” part of the Institute for the Future’s “Imagining Equity: Explorations into the Future of Enterprise” series, discusses the public banking movement’s goal to address longstanding issues...
The Alliance’s Rick Girling penned an op-ed discussing the banking system’s shortcomings following Silicon Valley and Signature Banks’ collapse. Advocates propose public banks to offer fair services and break the cycle of bank failures and bailouts. Read the article on El...
The Alliance’s Julian LaRosa’s latest piece in Jacobin. Silicon Valley Bank’s collapse was no aberration: hundreds of private banks in the US have failed since the Great Recession. For a more stable financial system that actually meets ordinary people’s needs, we need to expand...
March 18, 2023. Trinity Tran, Truthout. We have a pivotal opportunity to reshape our financial system for the benefit of all. The recent collapse of Silicon Valley Bank (SVB) and Signature Bank — the second and third largest bank failures in U.S. history respectively — has laid bare the...
In California, 81% of unbanked individuals earn less than $15/hr, hitting low-income families and people of color the hardest. “We can’t create a stable economy when financially underserved households spend an average of 10% of their take-home pay in fees and interest, just to access their own...
The public banking movement is gaining momentum in the United States as more people seek alternatives to traditional banking institutions. Unlike traditional banks that prioritize profit above all else, public banks aim to promote community development and social justice. Piper French, a...
San Francisco is taking bold steps towards establishing a Municipal Finance Corporation that is set to become a public bank within the next three to five years. The city aims to launch the $50 million Municipal Finance Corporation, with a focus on financing infrastructure projects, affordable...
Oakland Post – Vice Mayor Rebecca Kaplan, a longtime supporter of strengthening funding for local small businesses and important public projects, successfully moved to approve the resolution along with the viability study. Kaplan had proposed the initial public bank study in the previous...
Public banks can drive the renewable energy revolution by investing in clean energy alternatives, divesting from fossil fuels, and building community wealth. Read “Public Banking for Climate Justice” by the Alliance’s Communications Director, Rick Girling, to learn more....