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

Something Between

Nonprofits excel in non-traditional roles

Girls on the Run of Greater Sacramento is an afterschool positive youth development program that inspires girls to be joyful, healthy and confident, using a fun, experience-based curriculum that creatively integrates running

Oct 13, 2016 Lesley Taylor
Kate Towson of Women's Empowerment reacts to winning the $10,000 Judges Award at SVP's Fast Pitch, an event that rewards nonprofits with a plan.

More Than A Feeling

In the quest for funding, charitable organizations need more than a mission — they need a plan

For more and more investors and would-be funders, nonprofits need to have more than a worthy cause and a compelling mission: They need a plan. Specifically, they’re now being asked to showcase the same mindset that’s required of for-profit organizations, meaning that spreadsheets, metrics and core competencies can matter just as much as pulling the heartstrings.   

Apr 12, 2016 Jeff Wilser

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
(Shutterstock)

California Bonds Lose Allure as AIG Stake Cut by Most Since 2010

The Golden State is losing its luster to municipal-bond buyers, such as American International Group and Principal Global Investors. Following a five-year run when California bonds outperformed the $3.7 trillion municipal market, investors are starting to retreat: They’re demanding the highest yields in 16 months to own the state’s 10-year securities instead of benchmark debt. The shift is threatening the rally ignited by a wave of good financial news that’s led to eight upgrades to its credit rating since the end of the recession.

Nov 12, 2015 Brian Chappatta and Romy Varghese

Economic Size Matters

Acuity with Barry Broome

Barry Broome has been tapped as the president and CEO of the newly formed Greater Sacramento Area Economic Council and will drive the organization’s mission to attract businesses to the Capital Region. His extensive background in economic development includes six years as the CEO of Southwest Michigan First and 10 years as the president and CEO of the Greater Phoenix Economic Council.

Apr 13, 2015 Christine Calvin