Tag "Wall Street"
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Wells Fargo punishment spreads from CA
In the wake of California’s unprecedented punishment of San Francisco-based Wells Fargo for bogus lending practices, legal sanctions spread eastward, with other state officials and Hillary Clinton herself going after the bank. Already, in Washington, members of the House Financial
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Minimum wage debate heats up in Los Angeles
What if three different studies on the effects of a minimum wage increase in Los Angeles each came up with a different conclusion — who do you trust? That was a question asked at the Town Hall Los Angeles debate Thursday
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CA city bankruptcies unnerving bond industry
The fallout from municipal bankruptcies in Stockton and San Bernardino continues to play out in unexpected ways, with old presumptions that most significant creditors would be treated similarly falling to the way side. This week, Franklin Templeton filed vigorous objections
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L.A. city spat pits Wall Street against unions
The latest twist in Los Angeles city politics has shed light on an important new trend in fiscal politics. With new urgency, a coalition of public workers unions has demanded Mayor Eric Garcetti and other city leaders scuttle longstanding financial
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