2/15/2024 0 Comments Abacus bank chinatown nycHe joined Asia Society following a three-decade career in journalism - having served most recently as Managing Editor for International Coverage at ABC News. Tom Nagorski (moderator) is Executive Vice President of the Asia Society. He is the founder of Abacus Federal Savings Bank in New York. Abacus President/CEO Jill Sung held a Money Smart seminar for the 5th and 6th students from the New York Chinese School in Chinatown, NYC. Thomas Sung is a lawyer and real-estate investor. While other banks were considered ‘too big to fail,’ Abacus was ‘small enough to jail. ![]() In the wake of the 2008 financial crisis. Abacus Federal Savings Bank is a modest institution of New York’s Chinatown that came under harsh prosecution in the wake of the 2008 financial crisis. It has branches in Chinese neighbourhoods in Manhattan. The documentary 'Abacus: Small Enough to Jail' tells the story of Abacus Federal Savings Bank, a small family-run bank in New York City's Chinatown. His films include Hoop Dreams, The Interrupters, and Life Itself, among others. Abacus Bank in 1984 to make residential and commercial property loans to new immigrants. ![]() Steve James is an award-winning documentary film producer and director. Join us for a reception and special screening followed by a discussion with director and producer Steve James and the Sung family, moderated by Asia Society Executive Vice President Tom Nagorski. (Image: Vision Times/Vision Times Staff) On Nov. The documentary asks fundamental questions about what the purpose of a bank should be in a community - especially an immigrant community - and whether the prosecution of this small financial institution may have much larger implications for the role of banks in our society. Community members gather at the Abacus Federal Reserve Bank where 50,000 was distributed to 10 local Chinese non-profit organizations on Dec. The indictment and subsequent trial forced the Sung family to defend themselves - and their bank’s legacy in the Chinatown community - over the course of a five-year legal battle. A new documentary, Abacus: Small Enough to Jail, asks what. In the wake of the 2008 financial crisis. bank to face criminal charges in the wake of the 2008 financial crisis. bank prosecuted after the 2008 financial crisis was a tiny, family-owned bank in the heart of Manhattan’s Chinatown. The documentary 'Abacus: Small Enough to Jail' tells the story of Abacus Federal Savings Bank, a small family-run bank in New York Citys Chinatown. Accused of mortgage fraud by Manhattan District Attorney Cyrus R. Abacus was and is a bank located in the Chinatown neighborhood of New York City. 48 sec.)Ībacus: Small Enough to Jail tells the incredible saga of the Chinese immigrant Sung family, owners of Abacus Federal Savings of Chinatown, New York. It tells the story of the federal prosecution of Abacus Federal Savings Bank. ![]() NEW YORK, SeptemFollowing the screening of 'Abacus: Small Enough to Jail,' a new documentary about the embattled Abacus Bank in Manhattan's Chinatown, the bank's founders, the Sung Family, and producer Mark Mitten discuss the film and answer audience questions.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |