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