California Federal Bank said it is preparing filings to charter a national bank in California - a move to bypass the high-cost Savings Association Insurance Fund. Last week, Great Western Financial Corp. announced a similar move.
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At more than 80 million strong, Millennials are the largest generation ever. They’re also the most diverse, most educated, comprise the largest segment of the American workforce, hold the most purchasing power, and are poised to inherit more wealth than any other generation.