california

Banks face collateral damage from clean energy firm's bankruptcy

03/08/19

Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.

[more]

Axos warns of large 1Q charge from issue at brokerage unit

03/08/19

The California company could charge off $15 million because of allegedly fraudulent acts by an employee at one of its correspondent customers.

[more]

California bank is working with fintech firm to help business clients

03/07/19

Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.

[more]

Banc of California hires CEO with specialty lending, M&A experience

03/05/19

Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank.

[more]

Banks won’t be able to remain on sidelines of privacy debate

03/03/19

The data breach at Equifax and Facebook's scandals have made data privacy a big issue to state and federal lawmakers. Here's why banks need to be worried.

[more]

The states at the forefront of consumer privacy legislation

03/03/19

California and others have passed consumer privacy laws, and lawmakers in Congress are beginning to address the issue.

[more]

Several banks disclose exposure to clean energy firm's bankruptcy

03/01/19

At least four banks may lose certain tax benefits if it is proven that DC Solar operated an investor scheme.

[more]

Brace for West Coast CRE bubble inflated by tech boom: Bank chief

02/28/19

Bank of Marin CEO Russ Colombo is tightening up pricing and terms, citing soaring real estate prices in markets like San Francisco.

[more]

Wells Fargo loan officers granted class action in Calif. pay dispute

02/08/19

A lawsuit alleging Wells Fargo improperly compensated its California-based mortgage loan officers could have broader ramifications now that it has been granted class certification.

[more]

Chase, Wells, BofA to waive ATM fees for public-benefits recipients

02/08/19

The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.

[more]