Public Bank NYC
@publicbanknyc.bsky.social
A broad-based coalition calling on NYC to divest from Wall Street and establish a public bank, as part of a broader vision for economic and racial justice.
Reposted by Public Bank NYC
As Daniel Wortel-London rightly notes, redistribution isn’t a substitute for transformation. NYC’s next mayor must change who owns and controls our economy.
Fortunately, communities have long had the solutions—from CLTs to worker co-ops to public banking. 🧵
nydailynews.com/2025/06/26/m...
Fortunately, communities have long had the solutions—from CLTs to worker co-ops to public banking. 🧵
nydailynews.com/2025/06/26/m...
Mamdani & NYC’s unaffordable economy
The promise of taxing the rich to fund social services propelled Zohran Mamdani to victory in Tuesday’s New York City Democratic mayoral primary. His campaign vows to reverse decades of socia…
nydailynews.com
June 27, 2025 at 6:47 PM
As Daniel Wortel-London rightly notes, redistribution isn’t a substitute for transformation. NYC’s next mayor must change who owns and controls our economy.
Fortunately, communities have long had the solutions—from CLTs to worker co-ops to public banking. 🧵
nydailynews.com/2025/06/26/m...
Fortunately, communities have long had the solutions—from CLTs to worker co-ops to public banking. 🧵
nydailynews.com/2025/06/26/m...
Top 3 funders of fossil fuels:
– JPMorgan Chase
– Bank of America
– Citibank
Top 3 banks holding NYC’s public deposits:
– JPMorgan Chase
– Bank of America
– Citibank
We need a public bank.
www.theguardian.com/business/202...
– JPMorgan Chase
– Bank of America
– Citibank
Top 3 banks holding NYC’s public deposits:
– JPMorgan Chase
– Bank of America
– Citibank
We need a public bank.
www.theguardian.com/business/202...
World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds
Two-thirds of the biggest 65 banks increased financing by $162bn from 2023 to 2024, walking back climate promises
www.theguardian.com
June 17, 2025 at 3:58 PM
Top 3 funders of fossil fuels:
– JPMorgan Chase
– Bank of America
– Citibank
Top 3 banks holding NYC’s public deposits:
– JPMorgan Chase
– Bank of America
– Citibank
We need a public bank.
www.theguardian.com/business/202...
– JPMorgan Chase
– Bank of America
– Citibank
Top 3 banks holding NYC’s public deposits:
– JPMorgan Chase
– Bank of America
– Citibank
We need a public bank.
www.theguardian.com/business/202...
Bringing unflinching moral clarity to this moment, former NYC Director of Operations Harvey Robins calls for bold action—starting with a public bank to reclaim public money for the public good.
Must-read in @citylimitsnews.bsky.social: citylimits.org/opinion-mayo...
Must-read in @citylimitsnews.bsky.social: citylimits.org/opinion-mayo...
Opinion: Mayoral Candidates—It's Time for NYC's Elite to Live for the People, Not off the People - City Limits
"As the race for who will be the next mayor takes shape, the city lies at the intersection of vast private wealth and public squalor. We need to hear who among the candidates has a new vision and narr...
citylimits.org
May 13, 2025 at 7:28 PM
Bringing unflinching moral clarity to this moment, former NYC Director of Operations Harvey Robins calls for bold action—starting with a public bank to reclaim public money for the public good.
Must-read in @citylimitsnews.bsky.social: citylimits.org/opinion-mayo...
Must-read in @citylimitsnews.bsky.social: citylimits.org/opinion-mayo...
Big day in the Bronx! Founding PBNYC member Lower East Side People's Federal Credit Union just opened its first BX branch—bringing banking to its 3rd borough.
A NYC public bank could help bring this kind of people-powered credit union to every neighborhood.
Learn more: www.amny.com/opinion/op-e...
A NYC public bank could help bring this kind of people-powered credit union to every neighborhood.
Learn more: www.amny.com/opinion/op-e...
April 4, 2025 at 3:50 PM
Big day in the Bronx! Founding PBNYC member Lower East Side People's Federal Credit Union just opened its first BX branch—bringing banking to its 3rd borough.
A NYC public bank could help bring this kind of people-powered credit union to every neighborhood.
Learn more: www.amny.com/opinion/op-e...
A NYC public bank could help bring this kind of people-powered credit union to every neighborhood.
Learn more: www.amny.com/opinion/op-e...
Reposted by Public Bank NYC
#PublicBanking is about financial justice, housing justice, climate justice and investment in historically redlined communities.
It’s time for NYS leadership - @govkathyhochul.bsky.social @leaderasc.bsky.social @speakercarlheastie.bsky.social -
to pass #NYPublicBankingAct and #BankofRochester!
It’s time for NYS leadership - @govkathyhochul.bsky.social @leaderasc.bsky.social @speakercarlheastie.bsky.social -
to pass #NYPublicBankingAct and #BankofRochester!
March 4, 2025 at 9:00 PM
#PublicBanking is about financial justice, housing justice, climate justice and investment in historically redlined communities.
It’s time for NYS leadership - @govkathyhochul.bsky.social @leaderasc.bsky.social @speakercarlheastie.bsky.social -
to pass #NYPublicBankingAct and #BankofRochester!
It’s time for NYS leadership - @govkathyhochul.bsky.social @leaderasc.bsky.social @speakercarlheastie.bsky.social -
to pass #NYPublicBankingAct and #BankofRochester!
Big banks systematically harm communities of color. A NYC public bank would reinvest billions in new lending to build real financial power.
@cssnyorg.bsky.social's David Jones makes the case—it's time for lawmakers to act.
Read his column in @nyamnews.bsky.social: amsterdamnews.com/news/2025/02...
@cssnyorg.bsky.social's David Jones makes the case—it's time for lawmakers to act.
Read his column in @nyamnews.bsky.social: amsterdamnews.com/news/2025/02...
February 27, 2025 at 5:59 PM
Big banks systematically harm communities of color. A NYC public bank would reinvest billions in new lending to build real financial power.
@cssnyorg.bsky.social's David Jones makes the case—it's time for lawmakers to act.
Read his column in @nyamnews.bsky.social: amsterdamnews.com/news/2025/02...
@cssnyorg.bsky.social's David Jones makes the case—it's time for lawmakers to act.
Read his column in @nyamnews.bsky.social: amsterdamnews.com/news/2025/02...
When the feds hijacked $80 million from NYC coffers, Citibank was all too happy to oblige.
In a powerful @nydailynews.com op-ed, Linda Levy of LES People's Federal Credit Union demands answers and calls for a public bank to better serve the city's interests.
www.nydailynews.com/2025/02/26/a...
In a powerful @nydailynews.com op-ed, Linda Levy of LES People's Federal Credit Union demands answers and calls for a public bank to better serve the city's interests.
www.nydailynews.com/2025/02/26/a...
February 26, 2025 at 4:27 PM
When the feds hijacked $80 million from NYC coffers, Citibank was all too happy to oblige.
In a powerful @nydailynews.com op-ed, Linda Levy of LES People's Federal Credit Union demands answers and calls for a public bank to better serve the city's interests.
www.nydailynews.com/2025/02/26/a...
In a powerful @nydailynews.com op-ed, Linda Levy of LES People's Federal Credit Union demands answers and calls for a public bank to better serve the city's interests.
www.nydailynews.com/2025/02/26/a...
Reposted by Public Bank NYC
Which bank would be better for 99.9% of us in New York City?
❌ A private bank owned by investment funds, controlled by billionaires
✅ A public bank owned by the NYC government, elected by the people of the City of New York
@publicbanknyc.bsky.social is working to make the right answer a reality.
❌ A private bank owned by investment funds, controlled by billionaires
✅ A public bank owned by the NYC government, elected by the people of the City of New York
@publicbanknyc.bsky.social is working to make the right answer a reality.
Citibank handed over $80 million in city funds to the Trump Administration.
A public bank would keep NYC’s money secure—shielded from federal overreach and working for the public good.
Read our statement on the federal seizure of public funds: www.publicbanknyc.org/statement-ci...
A public bank would keep NYC’s money secure—shielded from federal overreach and working for the public good.
Read our statement on the federal seizure of public funds: www.publicbanknyc.org/statement-ci...
February 14, 2025 at 4:07 PM
Which bank would be better for 99.9% of us in New York City?
❌ A private bank owned by investment funds, controlled by billionaires
✅ A public bank owned by the NYC government, elected by the people of the City of New York
@publicbanknyc.bsky.social is working to make the right answer a reality.
❌ A private bank owned by investment funds, controlled by billionaires
✅ A public bank owned by the NYC government, elected by the people of the City of New York
@publicbanknyc.bsky.social is working to make the right answer a reality.
So the feds clawed back $80 million in contracted funds to NYC—and Citibank just let them?
Banks must follow strict rules on ACH reversals, and they’re under no obligation to approve requests without proper justification.
We need answers on why Citibank complied with this seizure of city money.
Banks must follow strict rules on ACH reversals, and they’re under no obligation to approve requests without proper justification.
We need answers on why Citibank complied with this seizure of city money.
"When they actually did the claw back, it caused the account to overdraft by $79.5 million," says NYC Comptroller Brad Lander on Trump yanking back funds from NYC.
"Citibank charged us a $15,000 overdraft fee. I'm happy to say, I reached out to Citibank, and they have refunded the overdraft fee."
"Citibank charged us a $15,000 overdraft fee. I'm happy to say, I reached out to Citibank, and they have refunded the overdraft fee."
February 14, 2025 at 2:52 PM
So the feds clawed back $80 million in contracted funds to NYC—and Citibank just let them?
Banks must follow strict rules on ACH reversals, and they’re under no obligation to approve requests without proper justification.
We need answers on why Citibank complied with this seizure of city money.
Banks must follow strict rules on ACH reversals, and they’re under no obligation to approve requests without proper justification.
We need answers on why Citibank complied with this seizure of city money.
Reposted by Public Bank NYC
Unreal. Time for a new bank.... a public bank!
Citibank handed over $80 million in city funds to the Trump Administration.
A public bank would keep NYC’s money secure—shielded from federal overreach and working for the public good.
Read our statement on the federal seizure of public funds: www.publicbanknyc.org/statement-ci...
A public bank would keep NYC’s money secure—shielded from federal overreach and working for the public good.
Read our statement on the federal seizure of public funds: www.publicbanknyc.org/statement-ci...
February 13, 2025 at 10:36 PM
Unreal. Time for a new bank.... a public bank!
Citibank handed over $80 million in city funds to the Trump Administration.
A public bank would keep NYC’s money secure—shielded from federal overreach and working for the public good.
Read our statement on the federal seizure of public funds: www.publicbanknyc.org/statement-ci...
A public bank would keep NYC’s money secure—shielded from federal overreach and working for the public good.
Read our statement on the federal seizure of public funds: www.publicbanknyc.org/statement-ci...
February 13, 2025 at 10:21 PM
Citibank handed over $80 million in city funds to the Trump Administration.
A public bank would keep NYC’s money secure—shielded from federal overreach and working for the public good.
Read our statement on the federal seizure of public funds: www.publicbanknyc.org/statement-ci...
A public bank would keep NYC’s money secure—shielded from federal overreach and working for the public good.
Read our statement on the federal seizure of public funds: www.publicbanknyc.org/statement-ci...
Reposted by Public Bank NYC
How could the custodian banks not inform NYC officials that our money was being raided? Is any bank account safe?
The feds just pulled $80 million out of NYC's bank accounts—without warning.
City officials were caught off guard and didn't even know which account the money came from.
If city funds were in a public bank, would we have had the chance to act?
www.thecity.nyc/2025/02/12/t...
City officials were caught off guard and didn't even know which account the money came from.
If city funds were in a public bank, would we have had the chance to act?
www.thecity.nyc/2025/02/12/t...
Trump Administration Claws Back $80 Million Sent to NYC to House Migrants
Officials in the city comptroller’s office spotted the unprecedented grab at congressionally approved funds that were already in the city’s bank accounts.
www.thecity.nyc
February 13, 2025 at 1:41 AM
How could the custodian banks not inform NYC officials that our money was being raided? Is any bank account safe?
The feds just pulled $80 million out of NYC's bank accounts—without warning.
City officials were caught off guard and didn't even know which account the money came from.
If city funds were in a public bank, would we have had the chance to act?
www.thecity.nyc/2025/02/12/t...
City officials were caught off guard and didn't even know which account the money came from.
If city funds were in a public bank, would we have had the chance to act?
www.thecity.nyc/2025/02/12/t...
Trump Administration Claws Back $80 Million Sent to NYC to House Migrants
Officials in the city comptroller’s office spotted the unprecedented grab at congressionally approved funds that were already in the city’s bank accounts.
www.thecity.nyc
February 12, 2025 at 10:13 PM
The feds just pulled $80 million out of NYC's bank accounts—without warning.
City officials were caught off guard and didn't even know which account the money came from.
If city funds were in a public bank, would we have had the chance to act?
www.thecity.nyc/2025/02/12/t...
City officials were caught off guard and didn't even know which account the money came from.
If city funds were in a public bank, would we have had the chance to act?
www.thecity.nyc/2025/02/12/t...
Reposted by Public Bank NYC
"A public bank—created by the city and chartered to serve the public interest—could be the key to transforming this broken system into one that puts people over profits." https://bit.ly/4hjoAHJ
Opinion: Wall Street Fuels Predatory Real Estate. It’s Time for a Public Bank Alternative
""Redirecting our public funds to a public bank would enable the city to divest from banks that harm New Yorkers, and invest in tenant-owned housing, community land trusts, worker cooperative small businesses, and green energy projects."
bit.ly
February 1, 2025 at 6:39 PM
"A public bank—created by the city and chartered to serve the public interest—could be the key to transforming this broken system into one that puts people over profits." https://bit.ly/4hjoAHJ