Historic Breakthrough: Gov. Newsom Signs The Public Banking Act Into California Law

The Public Banking Institute -

Public Banking in California is a fantastic and historic breakthrough. This has been a longtime struggle of thousands of activists in California and throughout the country. Many cities and states [...]

Desperate Central Bankers Grab For More Power

By Ellen Brown, Web of Debt. -

Central bankers are acknowledging that they are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, said in a speech at the annual meeting of central bankers in [...]

Underserved Communities Increasingly Support Public Banking To Rectify Wall Street Abuses

By Staff, Publicbankinginstitute.org -

People from all hues of the political spectrum are recognizing that having local transparent control over the creation of credit through a publicly-owned bank not only saves money, but also gives [...]

Study Strongly Supports Public Banking To Finance Infrastructure

By The Public Banking Institute. -

In honor of the Bank of North Dakota’s centennial anniversary, here is an excellent academic report from Cornell University that includes a detailed case study of BND’s 2015 Infrastructure Loan [...]

Ocasio’s Proposed Green New Deal Includes Public Bank Funding

By Public Banking Institute -

Alexandria Ocasio-Cortez — one of two insurgent progressive candidates to succeed in their races for Congress — submitted draft text for a select committee on a Green New Deal financed by a [...]

4 Reasons Why Los Angeles’ Upcoming Public Banking Ballot Initiative Is A Huge Deal

By Phoenix Goodman, Laprogressive.com -

On November 6th, the citizens of Los Angeles will have a chance to decide if their city should pave the path towards creating the first municipal public bank in the country. No doubt, a ‘yes’ [...]

Oakland Takes Step Toward Public Bank With Unanimous Committee Vote

By Staff, Publicbankinginstitute.org -

The City of Oakland's Finance Committee accepted the Public Bank Feasibility Study and staff report, and recommended placing it on the full City Council's agenda so that all Councilors may have [...]

The Crisis Next Time: Planning For Public Ownership As An Alternative To Corporate Bank Bailouts

By Thomas Hanna, Thenextsystem.org -

The next financial crisis is all but inevitable. While its exact timing and severity cannot be predicted, both the accelerating frequency of crises in recent decades and the continued [...]

2018 Is Indeed Proving To Be The Year Of The Public Bank

By Staff, Publicbankinginstitute.org -

In January, we at PBI proposed that 2018 would be the “Year of the Public Bank.” Now midway through the year, we’re delighted to see the idea is indeed proving true. With huge strides forward in [...]

#ParadigmShift Campaign Launched In NYC For Public Banking

By Staff, Publicbankinginstitute.org -

Activists from more than two dozen grassroots organizations including New Economy Project and Public Bank NYC took to the streets of Wall Street on Tuesday to launch a campaign for a NYC Public [...]

Why Public Banking Is The End Goal Of The Divestment Movement

By Phoenix Goodman, Medium.com -

Something big is starting to happen in the world of activism. Grassroots campaigns are beginning to coalesce into coherent, focused missions with definable outcomes. The Divest campaign is a [...]

What It Will Take For Public Banking To Win

By Matt Stannard, Occupy.com -

In 2014, then-Santa Fe Mayor Javier Gonzales recognized that poverty and shrinking city budgets were problems that needed out-of-the-box solutions. Deeply concerned with inequality, Gonzales [...]

Taking Steps Toward Public Options For Banking

By Oscar Perry Abello, Nextcity.org -

It’s been an interesting few weeks for the idea of public banking — establishing banks owned by government entities as a values-based alternative to ‘Wall Street’ banks. In San Francisco, where [...]

The United States Has A Second Public Bank

By Rob Blackwell, The American Banker. -

Washington, DC — American Samoa is finally getting its own full-service bank — and successfully creating only the second public bank in the United States. The Federal Reserve is allowing the [...]

Legal Marijuana Propelling Public Banking

By Staff, Publicbankinginstitute.org -

Things are moving fast in California. A Los Angeles City Council committee approved a resolution February 16 to support the recently introduced state bill that would create a Public Bank that [...]

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