california

A first-in-the-nation ballot initiative would give consumers more control over their personal information, but banks and other companies say that it would amount to a tax on doing business in the Golden State.

Wells Fargo must pay $97 million to home mortgage consultants and private mortgage bankers in California who didn't get the breaks they were entitled to under the state's stringent labor laws.

For one California bank, the biggest challenge was finding equity investors to participate in deals.

The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit.

The San Diego company said the deal will bring in low-cost deposits and create a new source of fee income.