Public Bank NYC
@PublicBankNYC
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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.
New York, NY
Joined May 2018
It’s time to bring public banking to New York! Learn more and take action:
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New York came close to launching a public bank in 1975. With today’s powerful movement of community groups, labor, and credit unions — it’s time to finish what was started. This new @jacobin piece tells the story and why it matters now: https://t.co/V5gs5FICW2
jacobin.com
In 1975, Wall Street declared war on New York, sending the city into a fiscal crisis. A forgotten public banking proposal in the state assembly could have stopped it — and put both the city and the...
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The story of New York’s attempt to create a public bank has been buried for half a century. With the election of Zohran Mamdani, could it be back on the table?
jacobin.com
In 1975, Wall Street declared war on New York, sending the city into a fiscal crisis. A forgotten public banking proposal in the state assembly could have stopped it — and put both the city and the...
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In 1975, Wall Street declared war on New York, sending the city into a fiscal crisis. A forgotten public banking proposal in the state assembly could have stopped it — and put both the city and the country on the path to socialized finance.
jacobin.com
In 1975, Wall Street declared war on New York, sending the city into a fiscal crisis. A forgotten public banking proposal in the state assembly could have stopped it — and put both the city and the...
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Taxing the wealthy is the most obvious route to enact Zohran Mamdani’s agenda. But it can’t do the work by itself. We need to build public banking for New York: https://t.co/vNp1nIuWOy
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New York's attempt to create a public bank at the height of the fiscal crisis has been buried for 50 years. With the election of public banking supporter @ZohranKMamdani as NYC's next mayor, it can no longer be ignored. Check out our essay in @jacobin: https://t.co/OFKyNWBe8A
jacobin.com
In 1975, Wall Street declared war on New York, sending the city into a fiscal crisis. A forgotten public banking proposal in the state assembly could have stopped it — and put both the city and the...
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TOMORROW! Join us for a powerful convo w/ movement leaders from CA, NY & MA! With federal volatility, now's the moment to create city & state banks to recapture billions of public dollars siphoned out of our communities & reinvest them into public good. https://t.co/qKtrBKpeL7
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Big possibilities ahead ✅ Mayor-elect Zohran Mamdani — longtime sponsor of the NY Public Banking Act ✅ Comptroller-elect Mark Levine — introduced NYC’s first public banking bill ✅ Public Advocate Jumaane Williams — among the earliest and most vocal champions of public banking
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@ZohranKMamdani's win proves it: NYC wants economic transformation. Community Wealth Building Strategies —public banking, CLTs, co-ops —can turn that demand into policy. My latest for @DemocracyCollab. https://t.co/zezIinbW2P
democracycollaborative.org
Zohran Mamdani’s stunning victory in New York City’s Democratic Primary has opened up new horizons of possibility for economic transformation in America’s cities.
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As @dlondonwortel 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. 🧵 https://t.co/xIBSHnKT23
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Powerful op-ed on the root causes of NYC’s affordability crisis—and the essential role of worker ownership, CLTs, and community-led solutions in addressing them. Add a public bank, and you’ve got a blueprint for real structural change. 💪
For @ZohranKMamdani to succeed in making NYC affordable, he must do more than just tax the rich — he must remake the city’s economy in the interests of its workers. My latest op-ed for the @NYDailyNews. https://t.co/nfPnavdYKL
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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. https://t.co/ZWuIuzXC1f
theguardian.com
Two-thirds of the biggest 65 banks increased financing by $162bn from 2023 to 2024, walking back climate promises
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Public banking is supported by New Yorkers 4 to 1. It has majority support in the State Senate. So why do state legislative leaders oppose it? Because Wall Street has powerful lobbyists—and Albany listens. Just ask @CityAndStateNY.
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“Through public banks, local governments can responsibly steward public funds—partnering with community-based financial institutions to close critical funding gaps and build wealth in low-income and Black and brown neighborhoods.” -our @tousifnyc
https://t.co/BavaIgVwO8
citylimits.org
"Some say the need for a municipal bank is even greater as the Trump administration plots cuts to housing, green energy and other programs."
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Must-read from @CSSNYorg on why NYC needs a public bank—to build deeply affordable housing, advance financial justice, and protect city funds from federal overreach. 👉 https://t.co/ubuLvRKLo0
@CenterNYC
centernyc.org
Some arguments for a democratically controlled, publicly chartered bank, established to serve the common good.
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👉Today, the NYC Comptroller’s office voted against letting Chase, Citi, Wells Fargo & others hold billions in city deposits. The tide is turning toward a public bank. As our Will Spisak said: “It’s time to break Wall Street’s grip on our public money.” https://t.co/bF1RrQIpAm
comptroller.nyc.gov
New York, NY — As Donald Trump and his allies escalate their attacks on climate action, DEI, and civil rights, the Comptroller’s Office voted against the designations of Wells Fargo, Citibank, and JP...
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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:
citylimits.org
"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...
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Watch the NYC Banking Commission’s vote on which banks can hold billions in city deposits for the next two years. No to Wall Street banks that harm New Yorkers and New York communities! Yes to a public bank!
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We’re at the NYC Banking Commission meeting demanding the City divest from Wall Street and establish a public bank. Banks like @Citibank, which facilitated the federal seizure of $80 million of our public funds, actively harm New Yorkers again and again. We need a public bank!
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The NYC Banking Commission meets at 10 am to vote on which banks are eligible to receive NYC’s deposits. We are here with our @PublicBankNYC coalition partners to say: it’s time for the City to divest from Wall Street and launch a #publicbank!
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Wall Street is profiting off our public money—and @NewEconomyNYC has a rapid-fire explainer on how it works and what NYC can do about it. It’s time to divest from Wall Street and invest in our communities through a public bank. Watch + share!
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