Dealing with a windfall
A sudden fortune calls for careful consideration While most of us will never become wealthy overnight, a sudden and unexpected windfall can and does happen. If you luck out and somehow are willed a...
View ArticleSupporting charitable causes: Modest giving can make a big difference
If you’re just starting your career and money is tight, you probably haven’t given much thought about giving to others. If it’s a pinch to pay the rent, how can you consider donating to causes, however...
View ArticleProtecting your assets: Planning can provide peace of mind
Once you’ve begun to accumulate some wealth, it’s important to protect it from fraud and identity theft. Even savvy investors have been seduced by the promise of generous returns. According to the...
View ArticlePlanning for the unexpected
Having a safety net can provide peace of mind No matter how financially secure you might feel, it’s important to have a safety net to meet life’s unforeseen emergencies. Otherwise, you may unexpectedly...
View ArticleMaking a will: It’s not difficult to create your own legal document
Thanks to do-it-yourself materials available online, it’s pretty straightforward to create a will that leaves a home, investments, a small business and personal items to your loved ones. If you have...
View ArticleStarting a Business
Drive and passion are not the only requirements when you start your own business. Planning, timing, capital and the support of friends and family are equally important. If you’ve determined that you...
View ArticleWells Fargo customers sue, claiming auto insurance scheme was a scam
Wells Fargo & Co. customers accused the bank in a lawsuit of forcing them to pay for unnecessary auto insurance that drove some of them so far into a financial spiral that their vehicles were...
View ArticleWells Fargo names Duke new chair as Sanger exits after scandals
Wells Fargo & Co. said Elizabeth “Betsy” Duke will take over as chair of its board of directors next year as Stephen Sanger and two other longtime directors retire following a sales scandal under...
View ArticlePacific Premier Bancorp to acquire Plaza Bancorp in deal worth $226 million
Irvine-based Pacific Premier Bancorp, the holding company of Pacific Premier Bank and Plaza Bancorp, has agreed to acquire Plaza in an all-stock transaction valued at roughly $226 million, or $7.29 per...
View ArticleWhistleblower alleges Irvine-based Banc of California CFO diverted funds,...
Banc of California, the Irvine-based lender under investigation by U.S. regulators after a short seller linked it to an imprisoned con man, inflated profits and ignored a top executive using company...
View ArticleGoldman Sachs expects $5 billion hit from tax overhaul
Goldman Sachs expects to take a $5 billion hit to profits for the fourth quarter and year because of the tax overhaul signed into law last week. As a result, the New York bank will likely report a loss...
View ArticleWells Fargo, JPMorgan execs sing praises of new tax law as windfall looms
Two of the nation’s biggest banks — JPMorgan Chase and Wells Fargo — indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower...
View ArticleFederal Reserve imposes new penalties on Wells Fargo; 4 board members on way out
The Federal Reserve is imposing more penalties on Wells Fargo, freezing the bank’s growth until it can prove it has improved its internal controls. In addition, the San Francisco-based bank agreed to...
View ArticleCiti to refund $335 million after finding card APRs too high
Citigroup Inc., one of the world’s largest credit-card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower. The lender determined that a...
View ArticleSenate poised to ease Dodd-Frank rules for most banks
Ten years after a financial crisis rocked the nation’s economy, the Senate is poised to pass legislation that would roll back some of the safeguards Congress put into place to prevent a relapse. The...
View ArticleBorrower may have scammed $13.7 million from Banc of California
SANTA ANA Banc of California officials believe they may have been defrauded out of $13.7 million by a borrower who provided false loan documents, according to a filing with the Securities and Exchange...
View ArticleWells Fargo acknowledges $1 billion federal settlement offer
Wells Fargo is acknowledging that federal regulators have offered to resolve a host of investigations into the consumer banking giant for $1 billion. The disclosure comes as Wells reports a 6 percent...
View ArticleWells Fargo hit with $1 billion fine for auto loan, mortgage abuses
Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in years-long, wide-ranging scandal at the banking giant....
View ArticleBig banks saved $3.6B in taxes last quarter under new law
By Ken Sweet, The Associated Press The nation’s six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Donald...
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Wells Fargo execs win investors’ support for bigger paychecks
Wells Fargo & Co.’s leaders deserve fatter paychecks after a tough year, according to investors. Shareholders voted Tuesday 92.4 percent in favor of the bank’s executive compensation plan, based on...
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