Public Banking

California Gov. Gavin Newsom signed a bill Wednesday allowing local governments to form local or regional banks to provide infrastructure funding and lending to local institutions not already being serviced by other banks.

SACRAMENTO, Calif. – California Gov. Gavin Newsom signed a bill Wednesday allowing local governments to form local or regional banks to provide infrastructure funding and lending to local institutions not already being serviced by other banks.

Categories / Financial, Government, Regional

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