financial

For much of my life, I could have been the poster child for financial illiteracy. Signing on dotted lines became one of my favorite pastimes…

The first Black manager of any bank in the region in 1966, Aubrey Lee, died last week at the age of 80. “Everybody know of…

Diverse consumers feel optimistic about the current U.S. economic outlook, according to the third “How America Buys and Borrows” survey by Wells Fargo & Company…

Sears Holdings Corporation will lay off at least 5,457 employees and close over 100 stores–many before Christmas *(Via Examiner) – Sears stores closing soon has fans of the longtime retailer saddened this Christmas season, but a financial struggle is at last taking its toll on the chain. In recent months, Sears Holdings has suffered massive […]

Robert L. Johnson, founder and chairman of The RLJ Companies and Dr. DeForest B. Soaries, Jr., senior pastor of the First Baptist Church of Lincoln Gardens in Somerset, New Jersey, announced their alliance to reshape the national financial lending climate and help Americans, particularly minorities, pay down consumer debt, increase household...

The independent, five-member Financial Review Team appointed April 17, 2013 to examine the City of Hamtramck’s finances under Public Act 436 of 2012 (Local Financial Stability and Choice Act) has concluded that a local government financial emergency currently exists in Hamtramck. City officials requested a review of its f...

Kevyn Orr, the man charged with bringing Detroit back to financial stability said he is surprised at the numbers that will be released on Monday when the Emergency Financial Manager discloses his operating financial plan to the state and the public. The plan is coming out barely two months after Orr took over at city hall to right the financial...

March 11 has been announced as the official deadline for the city to appeal Governor Snyder's declaration that Detroit is in a financial emergency.The governor's latest announcement is one that could lead to the appointment of an emergency financial manager. Not everyone in the city wants to see that happen, and some plan to fight any attempt at...