Mergers - The Greenlining Institute

Fed Probes RBC Role in City National Loan, Possibly Delaying Merger Deal

July 20, 2015

Los Angeles Times by E. Scott Reckard The Federal Reserve is investigating allegations that Royal Bank of Canada teamed up improperly with City National Corp. to make a loan to a client while the proposed combination of the two banks…

Group Drops Protest of City National Takeover by Royal Bank of Canada

June 25, 2015

Los Angeles Times by E. Scott Reckard Royal Bank of Canada’s planned takeover of City National Corp. in Los Angeles moved closer to reality Wednesday when an advocacy group for minority consumers, churches and businesses reversed course, supporting the deal.…

Greenlining Institute Withdraws Opposition to City National CRA Plan

May 12, 2015

Los Angeles Business Journal by Matt Pressberg Berkeley’s Greenlining Institute, a nonprofit organization that advocates for economic opportunity for ethnic minority communities, has withdrawn its opposition to downtown L.A.’s City National Bank’s Community Reinvestment Act plan and proposed merger with…

Greenlining is 22! Here are 22 reasons to celebrate.

March 19, 2015

Hello Friends, Earlier this month, Greenlining celebrated its 22nd Birthday! Thank you for being part of the Greenlining community, and a friend and ally along the way. In honor of our 22nd year, here are 22 reasons we think Greenlining’s work…

Ben Benavidez and Orson Aguilar: CPUC Should Reject Comcast/Time Warner Merger

March 19, 2015

The Fresno Bee by Ben Benavidez and Orson Aguilar The California Public Utilities Commission must act to stop the digital divide from getting worse by saying “no” to the proposed merger between Comcast and Time Warner Cable. Any other move…

States Sink Teeth into Comcast Deal

March 16, 2015

Politico by Tony Romm For Comcast, the future of its $45 billion bid to buy Time Warner Cable hinges on more than just the federal government’s green light. The telecom giant is rushing to battle back states like California and…

Letter to the Federal Reserve and Office of the Comptroller of the Currency Regarding Attempts to Buy Public Support for the CIT/OneWest Bank Merger

March 6, 2015

Greenlining wrote to federal regulators requesting an investigation of evidence that OneWest Bank used its philanthropic support to influence public testimony regarding its attempt to merge with CIT Group. To read the comments, click here.

Opponents of Merger Want Probe of OneWest’s Donations to Supporters

March 6, 2015

American Banker by Kate Berry Two activist groups are urging federal regulators to investigate whether OneWest Bank in Pasadena, Calif., used donations and other sweeteners to buy community support for its $3.4 billion sale to CIT Group. The Greenlining Institute…

Opponents of Sale of OneWest Seek Investigation

March 6, 2015

Los Angeles Times by E. Scott Reckard A leading public advocacy group that had opposed the sale of Pasadena’s OneWest Bank asked federal regulators for a formal investigation into what it called the bank’s efforts to “buy community support” for…

Speakers at CPUC Blast and Applaud Comcast Time Warner Cable Merger

March 5, 2015

Los Angeles Sentinel by Gail Berkley The proposed $45 billion Comcast/Time Warner Cable merger was alternately blasted and supported by over two dozen speakers at the California Public Utilities Commission (CPUC) hearing held last Wednesday in San Francisco. In a…

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