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NerdWallet cuts staff amid ‘record-breaking quarter’

San Francisco-based NerdWallet shed more than 40 employees, or 8 percent of its workforce, with a couple of senior executives heading for the exit, the company told the San Francisco Business Times Thursday. “We had [Read entire story]

S.F. Fed says business journalism better indicator of sentiment than consumer surveys

Researchers at the Federal Reserve Bank of San Francisco have discovered an economic indicator that they found is better than simply following high-profile consumer sentiment surveys — journalists and their reports on [Read entire story]

Wells Fargo agrees to $110 million settlement over fake accounts

Wells Fargo said Tuesday that it reached an agreement in principle to settle for $110 million a class action suit over the bank’s practice of opening unauthorized accounts. The settlement of the lawsuit, filed in [Read entire story]

Alaska Air grounds Virgin America brand, but fate of on-demand food still up in the air

Alaska Air Group dashed the hopes of Virgin America fans today, saying that the Virgin America name will be retired over the next two years. But the combined airline will adopt some key features of Virgin America such as [Read entire story]

BofA exec talks candidly about challenges facing women in banking

One of the highest-ranking executives at Bank of America said a turning point in her 35-year career at California’s largest bank came when she realized she needed to tailor her message to persuade male colleagues to [Read entire story]

Failure pays big at Wells Fargo, judging by these executive bonuses

Wells Fargo declared with great fanfare last year that senior executives were taking a huge hit in pay over the bank’s fake accounts scandal. But this week Wells revealed that the bank’s senior brass is still [Read entire story]

Failure pays big at Wells Fargo, judging by these executive bonuses

Wells Fargo declared with great fanfare last year that senior executives were taking a huge hit in pay over the bank’s fake accounts scandal. But this week Wells revealed that the bank’s senior brass is still [Read entire story]

Wells Fargo CEO seeks to reassure Warren Buffett that bank is on right track

Wells Fargo President and CEO Tim Sloan told CNBC Friday that he expects the bank’s future performance to reassure the company’s largest shareholder, Berkshire Hathaway’s Warren Buffett, that the bank is on the [Read entire story]

Wells Fargo CEO seeks to reassure Warren Buffett that bank is on right track

Wells Fargo President and CEO Tim Sloan told CNBC Friday that he expects the bank’s future performance to reassure the company’s largest shareholder, Berkshire Hathaway’s Warren Buffett, that the bank is on the [Read entire story]

Virgin America’s new owner plans big route expansion from the Bay Area

Alaska Airlines, which acquired Virgin America late last year, said Thursday that it’s adding more than a dozen new routes from the Bay Area later this year. It marks the single largest new-market expansion in [Read entire story]

Former Wells Fargo employees sue over firings tied to background checks

Eleven former Wells Fargo employees sued the bank Monday over being fired based on background checks showing minor criminal violations that in some cases were decades old or expunged from their records. The bank [Read entire story]

Fintech SoFi buys its way into banking

Mike Cagney, CEO of San Francisco-based SoFi, realized one of his most ambitious goals Wednesday when he moved into banking with the purchase of Zenbanx. SoFi is paying about $100 million in closely held stock for the [Read entire story]

Wells Fargo to revamp retail bankers’ pay in scandal recovery effort

Wells Fargo plans to roll out a new compensation plan for retail bankers next week in an effort to put the fake accounts scandal behind it, the Wall Street Journal reported Friday, citing unnamed people familiar with the [Read entire story]

Bumbles and stumbles: These stories changed banking and finance in 2016

Editor's note: Please check out our Dec. 30 issue for our 2016 review and 2017 forecast. Wells Fargo stumbles: Wells Fargo shocked the nation with disclosures that branch staff had opened up 2 million deposit and credit [Read entire story]

AppDynamics’ long-awaited IPO seeks to raise up to $100 million

San Francisco-based AppDynamics, which makes software that companies use to measure the performance of their apps, filed late Wednesday to go public. The tech unicorn aims to raise as much as $100 million in its initial [Read entire story]

Could Bay Area businesses benefit from a Trump presidency?

Let’s get the caveats out of the way from the get-go: You probably didn’t vote for him — across the inner Bay Area, he got smoked by better than 4-to-1. You may well regard his opinions and policies as straight out [Read entire story]

Wells Fargo finds fixing scandal’s damage to credit scores a tough nut to crack

Wells Fargo's efforts to compensate victims of its fake accounts scandal are proving to be a difficult task, the Wall Street Journal reported Tuesday. The San Francisco-based bank’s success in helping victims recover [Read entire story]

Alaska Air CEO on fate of Virgin America brand: stay tuned

The fate of Virgin America’s mood lighting, on-demand food service and other popular amenities won’t be decided until the first quarter of 2017, said Brad Tilden, chairman and CEO of Alaska Air Group. (NYSE: [Read entire story]

Wells Fargo faces regulatory sanctions after ‘living will’ is DOA

Wells Fargo’s "living will" that outlines how the bank would unwind in an orderly way if it ran into trouble was rejected for a second time by regulators. As a result, regulators are placing restrictions on the San [Read entire story]

Silicon Valley money manager acquired by big independent firm

Los Angeles-based Aspiriant purchased Stanford Investment Group Inc., marking the larger firm’s third deal this year. Terms of the stock-for-stock transaction were not disclosed. Stanford Investment Group, not [Read entire story]