California news from FierceFinance

"This is just the latest example of how clever financial traders violate laws and rip off the public trust," says the California attorney general. He's referring specifically to State Street, whom... Read more...

Bank of America, Citigroup, Wells Fargo and JPMorgan Chase were among the banks that committed to accepting state IOUs as payment. That was seen as a boon to California's attempt to slog through a... Read more...

We suggested recently that a secondary market was forming for California IOUs. Turns out there has already been some activity via Craigslist and eBay. We've had a secondary market infrastructure all... Read more...