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Asian Banks....again...

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We have been tracking Asian Banks for some time. See: Bullish on Asian Banks Originally posted on the Street Insight section of thestreet.com 2/28/2006 4:35 PM EST and Still Bullish on Asian Banks

Recently, there has been renewed interest in this sector. We commented for an article by S&P analysts Kelsey Bartlett and Carolyn Duren posted Monday, 02 July 2018 11:52 AM ET, some of which is reproduced below:

Deals are heating up among Asian-American designated banks, with two of the nation’s prominent institutions announcing deals since April.

In its second deal since 2013, Hanmi Financial Corp. is acquiring Houston-based SWNB Bancorp Inc. Meanwhile, RBB Bancorp is making a play for Brooklyn, N.Y.-based First American International Corp. — its third deal since 2013. The two Los Angeles-based banks remain interested in diving into new markets with high populations of Asian Americans, management said.

Hanmi expects the combined entity to have $5.7 billion in total assets, while RBB an…

Black Wealth Discussion at SCLC Annual Conference, by Papa Owusu, Franklin and Marshall University, Impact Investing Intern,

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On Friday, July 13, 2018, the Southern Christian Leadership Conference (SCLC) held a panel discussion on the state of black wealth in America. The panelists were Samantha Sanders, Director of Government Relations at the Economic Policy Institute, David D. Rixter, Principal  of HCR Consulting L.L.C. and William Michael Cunningham, Founder, Creative Investment Research. The panel was moderated by Kevin B. Kimble, Esq., DC Bureau Chief of SCLC.

The panelists discussed a myriad of reasons for the pervasive black-white economic gap to mark the 50th anniversary of the Kerner Commission that identified racism as the reason for the black-white economic gap. A key point made by the panelists is that, beginning with slavery, laws and the justice system  have and continue to support structures that undermine the progress of Blacks in the United States. This, along with employment discrimination, has resulted in the lack of progress in reducing the economic disparity between black people and whit…

Probability of Fed Rate Hike is 90.53% by Rongbin Ye, Impact Investing Analyst

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Our model of Federal Reserve policy estimates the probability that the Federal Reserve will increase interest rates. Our July 3rd Summary shows that the probability of the US Federal Reserve increasing the federal funds rate is 90.53%.

While our model needs to be adjusted, as noted below, we remain confident in these results.

The first forecast adjustment element are the previous hikes. Recall that in March, 2018, our model predicted a rate increase with a 92.3% probability. The rate increase following the June 12 – 13 FOMC meeting decreases the probability of subsequent rate increases, if only slightly (90.53% vs 92.30%). One precedent for the Fed raising rates in this manner came in 1994, during the Clinton Administration, when the Fed raised rates from February to May at a 25 basis point pace. Interest rates increased from 3.25% to 4.25% in 4 months (FED, 2018).

Each successive rate increase adds less to policy impact. Given that the Fed has  raised interest rates two times so far in …

Webinar - How to Finance a Black Women-owned Business in 2018

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Maggie Lena Walker was the first female bank president of any race to charter a bank in 1902. Black women have continued down this path of entrepreneurship. According to one report, "the number of businesses created by black women in the United States alone is up more than 460% over the last 20 years, making them the fastest growing group of entrepreneurs in the nation." Of course, we've known this for some time, and have the track record to prove it. We launched MinorityFinance.com in 1998 and noted that 65% of the inquiries from the site came from Black women. While others have come along after our launch, we remain active and at the forefront. See: Small Business Financing, Black People and Venture Capitalhttps://youtu.be/gXGBEUoxHHs The key issue then, and now, is money: "according to the Diane Project, black female founders are only able to raise an average of $36,000 in venture funding, while start-ups owned mostly by white males have received on average $1.3…

Bitcoin and Blockchain: What you need to know now...

WEBINAR DESCRIPTION (15 seats total) COST - $20 to $60. NOTE: We accept Bitcoin. RSVP https://bitcoinnow.eventbrite.com
Bitcoin is a new type of currency. As an online, open source payment mechanism, many believe this new tool will impact currency, governments, and financial technology. This webinar explains what Bitcoin is and how it works. We give some information on how this new currency may be treated. We will discuss how it may affect your business and your life. 
Join economist William Michael Cunningham to learn more about this new payment mechanism/currency. Mr. Cunningham has been tracking Bitcoin since 2011 and became active in the field in 2014 (see: http://williamcunningham840.wixsite.com/bitcoinassociates) We review Bitcoin, its spectacular price growth, describe where it is now and what it could become. We also review the best mechanisms and resources for learning more and for getting involved.
We'll begin with a discussion of Bitcoin technology, move to market issue…

Impact Investing Forum North- Hilton Midtown, New York, NY- September 12-13, 2018

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Impact Investing Forum North- Hilton Midtown, New York, NY- September 12-13, 2018

The Impact Investing Forum will look at many of the asset classes that encompass this space. We invite you to join us and meet top influencers, experienced investors both public and private, money managers, and service providers that are leading the charge in this ever growing space. Themes of defining impact investing, portfolio construction, asset class opportunities, and the role of the investor are just a few of the stimulating topics to be covered at this event.

www.opalgroup.net/trk/iifnb1820.html

Blockchain for Social Impact Conference by Rongbin Ye, Impact Investing Analyst

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Above, Interns from Creative Investment Research at the Blockchain for Social Impact Conference. From left to right, Papa Yaw Owusu, Franklin and Marshall University, Megan Abarca, Wellesley, Dongming Liu, Georgetown University, Mr. Lin, Georgetown University, Rongbin Ye, Johns Hopkins, Chen Zheng, Georgetown.
The Blockchain for Social Impact Conference (BSIC), organized by Consensys and held on June 1st, was one of the highest level conferences held so far to discuss blockchain technology. As one of the main  speakers on the social impact of blockchain technology, William Michael Cunningham, Economist and CEO of Creative Investment Research, addressed the application of blockchain technology as a tool to enhance impact investing. Impact investing analysts and interns from Creative Investment  volunteered at the event and provided the administrative support.

William Michael Cunningham speaking at the Blockchain for Social Impact Conference.
The conference clearly pointed to the future.…

Impact Investing