NEW YORK — The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank's thousands of small business customers were shut out of a program that's supposed to throw them a financial lifeline. The Fed's action will allow Wells to make more loans under the...
California Sells Another $600M in Bonds for High-Speed Rail
SACRAMENTO — California sold $600 million in bonds Tuesday to help pay for building high-speed rail even as lawmakers and Gov. Gavin Newsom acknowledge challenges to completing the project. The bond money is a key source of funding for the troubled rail system, which has been beset by cost overruns...
Leaders Applaud New Community Center for Highway City
Dignitaries and area residents gathered to celebrate the groundbreaking for the Granville Northwest Community Center on Aug. 9. The center will serve as a resource hub for residents of the area in the vicinity of Fresno's northwest border, known as Highway City. Construction of the 5,500 square foot building is being...
Bank of America Contract Rejected by Council
Fresno City Councilman Garry Bredefeld successful led an effort to block the city from awarding a banking contract to Bank of America because of past racial discrimination allegations. The council was set to vote Thursday on awarding the bank a five-year contract (with two-one year extensions) for approximately $102,000 per...