City-owned banks in California could leverage public funds for local impact

If states are the laboratories for democracy, cities may be where finance goes to innovate.  San Francisco and Los Angeles are moving forward with plans to create city-owned banks after California Gov. Gavin Newsom signed a bill last week to allow for the creation of city-owned banks. The public banks, nonprofit public benefit corporations with … Continue reading City-owned banks in California could leverage public funds for local impact