Hedge funds are back. Worries about European debt crisis, war in the Middle East and the potential for rating agencies to downgrade America’s treasuries have rattled shareholders. But those fears haven’t held back investors from pouring record amounts of capital into the cowboy country of largely unregulated, nontransparent funds.
Former California State Treasurer Phil Angelides was tapped in 2009 to chair the Financial Crisis Inquiry Commission, a 10-member commission that Congress tasked with determining the causes of the Great Recession.
Some banks in the Capital Region are placing more emphasis on customer service and trust as they battle for quality clients in an ever-changing market.
Like other businesses, The Golden 1 Credit Union has absorbed its share of economic blows since 2008. But the largest credit union in California has long prided its fiscally conservative approach to finance.
In the Capital Region and beyond, some customers are switching from large financial institutions to smaller community banks, partially in response to columnist Arianna Huffington’s December 2009 “Move your Money” campaign, which encouraged consumers to do just that.
If lawmakers follow through on pending legislation in Washington, it could mean a boost for business for Capital Region credit unions.
As the economy continues to struggle, finance and banking lawyers across the country are seeing an increase in commercial loan workouts, which range from simple loan modifications to complicated bankruptcies.
A serendipitous land purchase in Auburn is breathing life into a town property hard-hit by the economy.
The housing industry is still making its way into national headlines this year — this time, it’s the Federal Housing Administration’s lending program.
Asset-based lending can be more expensive than a bank loan or line of credit, but for some it may be the best choice, providing flexibility and cash flow when others won’t.
The question of value is crucial in business, whether it’s how much you should pay to acquire a competitor, the fair price for that new piece of equipment or how big a share of your company you can pass along to your heirs.
It’s the meeting no business owner wants, an adult equivalent to sitting in the principal’s office.
Only instead of a principal, the person calling you in is a banker. And instead of the dreaded “permanent record,” the folder on the desk is an agreement for a business loan, a line of credit, equipment financing or some other form of borrowed money that helps keep the company afloat.