Wall Street Rule Changes Will Be Slow in Senate

A key Republican Senator is casting doubt on hopes for quick action to dismantle the Dodd-Frank Act or overhaul the U.S. mortgage-finance system, citing the need for bipartisan support in a Congress that seems to be far from providing it.

Feb 21, 2017 Elizabeth Dexheimer

Young Americans Would Rather Disclose Their STDs Than Their Debts

It seems 39 percent of millennials would rather disclose a preexisting sexually transmitted disease to a potential partner than reveal their debt, according to a survey of 2,000 millennials SoFi conducted, using online poller Survey Monkey. In addition, the survey found that serious debt was the second-biggest romantic deal-breaker, after workaholism.

Feb 10, 2017 Suzanne Woolley

California’s Payments Into Teachers’ Pensions to Triple

California’s contributions to the California State Teachers’ Retirement System are projected to almost triple in less than a decade and may increase even more due to low investment returns and the cost of benefits enhanced in boom times.

Feb 7, 2017 Romy Varghese

In Potentially Risky Strategy, U.S. Startups Are Piling on Debt

Persado CEO Alex Vratskides could raise venture funding. He’s just not sure he wants to.

His New York-based startup doubled annual revenue this year and is on track to break even in 2017. Valued at about $200 million in April, the marketing automation company counts Bain Capital and Goldman Sachs among its backers — a source of validation in the eyes of many venture investors.

Dec 21, 2016 Lizette Chapman

Wells Fargo Wants a Quiet End to Its Scandal, Risking More Noise

Wells Fargo’s attempt to force aggrieved customers into closed-door arbitration over its fake-accounts scandal is drawing a legislative backlash in its home state of California and risks subjecting the bank to another round as a public punching bag.

Dec 13, 2016 Kartikay Mehrotra, Laura J. Keller and Romy Varghese

Fed Rate-Hike Odds Approach 100% in Anticipation of Trumponomics

Analysts spent early November warning a Trump victory in the U.S. presidential election would make the Federal Reserve less likely to raise interest rates. What happened instead is that it made a December increase a near certainty.

Nov 16, 2016 Wes Goodman and Marianna Aragao

Buzzwords: Funnel

Are you a customer that has fallen out of the funnel?

“If I have to use the word ‘funnel’ one more time today, I might die. #buzzwords” — @abhinemani

Posted on Twitter by Sacramento’s Chief Innovation Officer, Abhi Nemani, on Aug. 22, this was the tweet heard ‘round the Comstock’s office. It kicked off a lengthy debate among our staff about what “funnel” actually meant.

Oct 12, 2016 Robin Epley

After the Fact

Six years after his long-time accountant was sent to prison for fraud, one client looks for answers

Bill Murray (not that one) was at the top of his game, so to speak, until an epic fall from grace. In December 2009, the 54-year-old tax accountant was charged with defrauding more than 50 clients of his Sacramento firm, Murray & Young Accountancy, out of more than $13.3 million. He subsequently pleaded guilty and was sentenced to 19.5 years in federal prison. The saga played out like a reality TV crime drama, from beginning to end.

Jul 26, 2016 Stuart Greenbaum

How to Vet a Financial Advisor

You’ll make a handful of major decisions in life. One of those is selecting the professional who will manage your savings and handle your investments. This choice will impact everything in your life, including sending your child to college, buying a house and living comfortably in retirement. Here are seven criteria for vetting a financial or investment professional:

Jul 26, 2016 Sena Christian
Donna Bland, CEO, Golden 1 Credit Union.

Women’s Work

Four local leaders discuss their journeys to the top of male-dominated industries

Effective leaders don’t come from one mold. The women featured below have excelled in nontraditional industries due to their talent, vision, perseverance and the (sometimes unlikely) mentors who guided their trajectory. They shared their stories with us — where they started, their rise to leadership and their thoughts on mentoring the next generation of powerful women.

May 17, 2016 Laurie Lauletta-Boshart

New Spenders

As millenials climb into their highest spending years, financial institutions must go digital to catch their coveted dollars

Ann Thompson, a regional sales executive for Bank of America, knows that the surest route into the hearts and minds of millennials is through their hands — not hand-holding, but talking to them through technology. “They want to be self-served and want things convenient,” Thompson says. “So, we have to reach them through that thing they hold in their hands, a smartphone.”

Mar 29, 2016 Bill Sessa