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.
The last time millions of Americans were signed up for a new government-mandated benefit program, it didn’t go so well. The initial rollout of the Affordable Care Act, or Obamacare, resulted in broken websites, angry employers and lots of confused consumers.
Donald Trump wants American companies to bring trillions of dollars in offshore cash back home, arguing that the money could be used to fund a manufacturing renaissance.
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.
U.S. banks stocks jumped the most since May, led by regional lenders, on speculation a Trump presidency could usher in reforms that ease regulatory burdens on financial-services firms.
California Treasurer John Chiang’s decision to ban Wells Fargo & Co. from underwriting state debt isn’t interfering with demand for the securities of the municipal market’s biggest issuer.
“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.
It’s not yet tax season, I know, I know. But as a self-employed freelancer, solopreneur or consultant, and doer of all things for your business, it’s quite imperative that you prioritize estimated quarterly taxes — the next deadline is just around the corner. And actually, there are penalties if you ignore these taxes. So listen up, freelance friends!
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.
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: