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.”
Millennials are the cusp of their prime spending years. But will they spend those dollars on home ownership?
Between the day-to-day demands of life, and fiscal responsibilities (like budgeting) necessary for retirement preparation, sometimes important aspects of planning for the future get overlooked. It’s not uncommon for someone to have spent their entire career with an eye toward their post-work life, only to retire and wonder, what am I going to do now?
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.
At Chase, we take pride in understanding the unique needs of our clients and have a rich history of supporting agribusiness companies. For more than 200 years, we have been dedicated to cultivating positive client experiences, and as a result, we report an average 20-year client relationship.
With about 10 percent of total banking assets, community banks are the source of almost half the nation’s small-business loans and 43 percent of its farm loans. New regulations and low interest rates have shut down many smaller banks or forced mergers, but the survivors say they’re poised to take advantage of market openings and an improving economy.
Starting your own business is scary stuff. When it comes to the crucial issues of business banking and long-term financing, finding a true partner in your bank can make all the difference. Whether you’re a painter, chef or doctor, you want to focus on your craft and your clients, not the tedious chores of running a business.
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.
Lawson says Ygrene has approved $60 million in loans for energy upgrades in Sacramento, Yolo and Butte counties and estimates that installed upgrades will result in the reduction of 40,000 metric tons of CO2 over their lifetimes.
Fun facts about where your money, and everyone else’s, is going.