Pages tagged “banking”
September Soiree Set to Honor Ackneil Muldrow, II:
Ackneil M. Muldrow, II, is the retired President and Chief Executive Officer and Director of the Development Credit Fund, Inc., ("Fund") a $14.0 million commercial lender/loan fund manager that makes loans to small and minority-owned businesses in the mid-Atlantic Region. The fund was established in 1983 by the, then, six major commercial banks in Maryland and closed in August 2005. The initial revolving loan fund was setup at $7.5 million. Fund was successful in contracting with organizations to manage their loan funds. The Fund managed a $4.0 million Empowerment Zone revolving loan fund for the federally funded Empower Baltimore Management Corporation, the Baltimore City recipient of a $100 million U.S. Department of Housing and Community Development grant. Read in Full >>
Op/Ed: Lessons of the 1970's International Credit Crisis:
In conclusion, the current banking system and the banking system of the 1970's would have collapsed without the intervention of global authorities. What this tells us is that the banks have never considered themselves responsible for the soundness of the system; it has been the job of the central banks to prevent shortages and excesses. Read in Full >>
Investment Banking 101 Part One: What is an Investment Banker?:
When most people have a legal question, they consult the advice of an attorney. If they have a tax problem, they consult a CPA. Who do you call if you have a question concerning raising capital? Most would respond, “ I’d call my local banker” and would be technically right in their answer. However, this limits your source of funding to just one. A better reply would be to contact an investment banker. These individuals have numerous relationships with traditional (banks) and non-traditional (private lenders, wealthy individuals, or insurance companies) funding sources and can help you determine which is right for your situation and needs. Read in Full >>




