Public Banks

California moved a step closer to setting up a public banking system Wednesday, which supporters say will bring transparency to how money is spent by local governments and make them less reliant on Wall Street and Big Banking.

SACRAMENTO, Calif. – California moved a step closer to setting up a public banking system Wednesday, which supporters say will bring transparency to how money is spent by local governments and make them less reliant on Wall Street and Big Banking.

Categories / Financial, Government, Regional

Subscribe to our free newsletters

Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.