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NerdWallet cuts 11 percent of staff in third round of layoffs this year

San Francisco-based has NerdWallet cut 53 workers, or 11 percent of its workforce, the company said on Thursday. “Two factors drove this decision — we’re not hitting our profitability goals, and there are areas [Read entire story]

Oakland bank overhauls C-suite ahead of Oregon acquisition

Oakland-based Beneficial State Bank, founded by former San Francisco financier-turned-policy-advocate Tom Steyer and his wife Kat Taylor, has shaken up its management ranks ahead of acquiring the rest of a Portland [Read entire story]

S.F. real estate fintech Unison revamps management ahead of big expansion

Unison's management changes signal big ambitions. Unison plans to introduce new products and boost origination volume by more than 500 percent in 2018. [Read entire story]

Exclusive: S.F. fintech Fundbox hires former Uber exec

Fundbox’s ability to hire from Uber’s ranks reflects the growing appeal of fintech to those working at the Bay Area’s fastest-growing companies. Last week, LendUp said it hired its first chief financial officer [Read entire story]

Why Sterling Bank’s IPO could trigger a buyout

Sterling Bancorp, with an extensive Bay Area branch network under the Sterling Bank & Trust name, plans to go public next week. But the Michigan-based financial institution might be more valuable in the hands of another [Read entire story]

Luther Burbank Savings’ parent files to go public

Luther Burbank, parent of a $5.3 billion financial institution, is likely to generate a lot of interest among community bank investors, given its strong financials. [Read entire story]

Exclusive: S.F. fintech LendUp hires first CFO from Tesla’s ranks

In another sign that San Francisco fintechs have arrived, LendUp's first CFO comes from Tesla. Will other fintechs see new recruits come over from the Bay Area's hottest startups? [Read entire story]

Wells Fargo to give almost $10 million in grants to help solve Bay Area’s housing crisis

Wells Fargo said Thursday that it’s donating $9.7 million to boost homeownership in Alameda, Contra Costa, San Francisco and Solano counties. The bank will give $30,000 downpayment assistance grants to eligible [Read entire story]

How to win a Bay Area bidding war by pocketing a commission rebate of more than $28,000

Bay Area real estate entrepreneurs are helping clients win bidding wars with commission rebates, but they also have established players squealing like stuck pigs. [Read entire story]

Exclusive: Capital One cuts Bay Area small business bankers in big layoff

Capital One is moving more than 100 jobs from San Francisco to Texas and the Mid-Atlantic region in a painful reminder that even employers with deep pockets are considering alternatives for Bay Area jobs that could be [Read entire story]

Exclusive: BlackRock chooses San Francisco for Americas division headquarters

New York-based BlackRock quietly picked San Francisco as the headquarters for its new Americas division, bringing more of the company’s senior executives to the Bay Area, home to 40 percent of the company's assets [Read entire story]

Uber’s popular loyalty program with Starwood Hotels reaches end of the road

Uber had bad news for road warriors Thursday when it said a popular loyalty program that gave riders points in Starwood Hotels’ frequent-guest program will end Dec. 17. [Read entire story]

Madison Reed CEO Amy Errett chases a market of 95 million women

Amy Errett spoke to the Business Times about plans for her company and the importance of setting a good example. [Read entire story]

Mechanics Bank plans to lend $250 million to rebuild after Wine Country fires

Walnut Creek-based Mechanics Bank said Tuesday that it plans to lend $250 million in Napa and Sonoma counties to help the region recover from the wildfires.  In addition to the lending, which will represent a doubling [Read entire story]

Citi’s venture arm teams up with StartOut to connect LGBTQ entrepreneurs

StartOut is working with Citi Ventures to create a global network of LGBTQ entrepreneurs. The nonprofit's Executive Director Andres Wydler said, “Economic empowerment is our best bet for lasting change.” [Read entire story]

Richard Branson sounds off on pretty much everything in San Francisco

Richard Branson had plenty to say to a sold-out crowd in San Francisco, lamenting Alaska Airlines’ purchase of Virgin America and criticizing U.S. businesses’ vacation policies while offering a tip of the hat to [Read entire story]

Richard Branson sounds off on Virgin America sale and pretty much everything in S.F.

Richard Branson had plenty to say to a sold-out crowd in San Francisco, lamenting Alaska Airlines’ purchase of Virgin America, criticizing U.S. businesses’ stingy vacation policies and offering a tip of the hat to [Read entire story]

Wells Fargo raises California wildfire relief donation to $1 million

Wells Fargo said Monday that it will raise its contributions for California wildfire relief to a total of $1 million, significantly increasing its donation of $150,000 made a week ago. The move makes Wells one of the [Read entire story]

California Treasurer: Why is Tim Sloan still the CEO of Wells Fargo?

California Treasurer John Chiang said Monday that he’s extending sanctions against Wells Fargo for a second year and questioned why Tim Sloan, a 30-year veteran of the bank, is CEO of the San Francisco-based bank. [Read entire story]

PG&E shares plunge 10% as utility warns of potential liability for North Bay fires

San Francisco-based PG&E shares plummeted 10 percent today as it warned that its potential liabilities in the North Bay fires could exceed the $800 million in insurance it has to cover such losses. PG&E shares closed [Read entire story]