American economy

When social responsibility pays off

Topics: 
Amalgamated Bank history American economy Amalgamated IPO

Until recently, “profitability” and “socially responsible” have been treated as mutually exclusive terms with many under the impression that dedicating resources to promoting positive change meant diverting those same resources away from turning a profit.

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National Housing Trust & Urban Ingenuity Launch 1.5 MW Solar Project for Low-Income DC Residents

Topics: 
Amalgamated clients civic engagement American economy

Project includes installation of solar across 24 local affordable housing communities

Have the workers lost Labor Day?

Topics: 
workers' rights American economy collective bargaining

Labor Day has lost its identity. What used to be a day that celebrated workers and their fight for shorter hours, higher pay and safer working conditions has become one that is spent rummaging through sales in big box stores where minimum wage employees are forced to work on the one day that was created to honor them.

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Statement from Keith Mestrich, Amalgamated Bank President & CEO, on Mario Cuomo Campaign for Economic Justice Drive for $15

Topics: 
income inequality Fight for $15 Amalgamated clients American economy economic growth

This morning, in response to the Mario Cuomo Campaign for Economic Justice’s Drive for $15, Keith Mestrich, President and CEO of Amalgamated Bank, said:

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Governor Cuomo Announces More Than 85 New York Businesses Endorse $15 Statewide Minimum Wage

Topics: 
American economy Fight for $15 income inequality wage justice

Governor Cuomo, Local Business Leaders & Chambers of Commerce Urge New York State Legislature to Enact First-in-the-Nation $15 Minimum Wage. Proposal Would Benefit More than 2.3 Million New Yorkers; Boost Direct Spending Power by $15.7 Billion.

Join the Fight for Fair Pay – Visit www.ny.gov/Fightfor15 to Learn More

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Empower Workers With Higher Pay - Commentary by Keith Mestrich

Topics: 
Fight for $15 economic growth income inequality American economy banking industry

Right now, despite many bank CEOs making tens of millions of dollars each year, the average bank teller makes just $25,800. Here in New York, 39 percent of bank tellers are forced to rely on public assistance programs just to make ends meet. This is morally wrong, yes, but it's also just bad business.

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Statement from Keith Mestrich, Amalgamated Bank President & CEO, on New York State Budget Agreement on $15/Hour Minimum Wage

Topics: 
Fight for $15 income inequality American economy economic growth wage justice

This morning, in response to New York State’s budget agreement on the statewide $15/hr. minimum wage, Keith Mestrich, President and CEO of Amalgamated Bank, said:

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Amalgamated Bank Joins with Center for Responsible Lending, National Action Network and Other Civil Rights & Consumer Advocates to Call on FHFA to Protect Fannie Mae and Freddie Mac

Topics: 
homeownership economic opportunity American economy

Keith Mestrich, President and CEO of Amalgamated Bank, released the following statement on Amalgamated’s joint letter urging Federal Housing Finance Agency Director Mel Watts to recapitalize Fannie Mae and Freddie Mac.

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Amalgamated Bank Announces First-Ever Progressive Index

Topics: 
income inequality American economy economic growth economic opportunity banking industry

New Poll of Progressive Voters Finds: Bank Values Matter; Strong Support for Local Banks; Optimism About Economy; Deep Concern on Income Inequality

Progressives Dislike Big Banks and Wall Street as much as Congress

Progressives Prefer San Francisco, Jimmy Fallon & Ben & Jerry’s “AmeriCone”

Investing in a better tomorrow

Topics: 
progressive finance American economy impact investing corporate and social responsibility financial regulation income inequality social change social justice

“When I do good, I feel good. When I do bad, I feel bad. That's my religion.”
–Abraham Lincoln

These stirring words were spoken by arguably the greatest leader in the history of our nation; a man whose bold thinking incited perhaps the greatest progressive revolution of all time; a man who so cherished the sacred principles of freedom and justice for all, of equal rights for every man, woman and child, he gave his life for that greatest cause.