SAN FRANCISCO -
Cliff Rosenthal, executive director of the Federation, said during the group's West Coast Financial Literacy Forum it has raised $8.5 million towards that goal, most of it from long-time patrons such as the Ford Foundation, the Treasury's Community Development Financial Institutions Fund, HSBC Bank, TD Bank and Calvert Social Investment Foundation, among others.
With the recent investments, the Federation now manages over $35 million, which is invested in 120 CDCUs.
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
The National Association of Insurance Commissioners responded to a query from Sen. Elizabeth Warren about risks to policyholders stemming from private-equity ownership of life insurers.
The platform had a lawsuit filed against it by New York officials this week as the latest in a series of cases against prediction markets on the state level.
The Canadian bank's U.S. operations experienced challenges following a large acquisition on the West Coast. But the bank is now making good progress, according to a top BMO executive.
As AI threatens firms' lucrative business managing uninvested cash, Schwab gives its RIA partners a new way to keep clients' cash holdings sticky.
Securities and Exchange Commission Commissioner Hester Peirce announced Friday that she would leave the agency on Oct. 2.
