Union Bank offers banking to poor communities by means of check cashing and pay day loans. Its efforts try not to win universal admiration.
Driving through Bayview Hunter’s aim, an undesirable, mostly African-American neighbor hood near bay area’s 3Com Park, Union Bank of California Vice Chairman
views among the bank’s branches and sighs: “I’m able to state without doubt it’s never ever made cash.” Why not near the branch? Since the government that is federal as an amount for approving Union Bank’s merger with Ca First Bank, compelled it to discover branches in low-income areas.
Farther south into the rough Southern Central part of l . a ., it is a far different photo for the $36 billion (assets) bank. ادامه مطلب …