California Coalition Applauds Rare, Failing Reinvestment Grade for City National Bank (CNB): Rise Economy says CNB and its Royal Bank of Canada (RBC) parent are bad for California communities due to redlining and fossil fuel finance practices

May 13, 2024 by An image of a City National Bank building. In response to the recent release by the Office of the Comptroller of the Currency (OCC) of an extremely rare “Needs to Improve” reinvestment rating for City National Bank, Rise Economy CEO Paulina Gonzalez-Brito issued the following statement: “We are pleased to see the OCC, the national bank regulator, finally use the Community Reinvestment Act...
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New Rise Economy Report Shows How Banks Used PPP Funds to Finance the Oil and Gas Industry, Collect Millions in Fees

August 10, 2023 by

FOR IMMEDIATE RELEASE   Media Contact Brian Maxey, bmaxey@rise-economy.org, 510-813-7552 Money trail shows banks financed climate change with funds meant for vulnerable small businesses; Small Tri Counties Bank identified as top PPP lender to oil and gas operations in California; Chase and Well Fargo identified as top national lenders….

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