Cannabis Banking Tales of Risks Take Center Stage at Capitol Meeting of Industries and Public Agencies

Simple questions about how to maintain bank accounts and make deposits became entangled with prison anxieties and fears of robbery Monday during the first in a series of meetings of the Cannabis Banking Working Group convened by California State Treasurer John Chiang. Read this news release.

 

Statement from Treasurer John Chiang on CalPERS Tobacco Divestment Vote

State Treasurer John Chiang released the following statement after today's decision by CalPERS to fully divest from tobacco. Read this news release.

 

Chiang Leads Coalition of Treasurers Seeking Federal Housing Help for People With Disabilities

California State Treasurer John Chiang is taking the lead in urging Obama Administration officials to rewrite regulations that could prevent disabled people from participating in a new savings program and still qualify for federal housing assistance. Read this news release.

 

Intersections: California and the U.S. Election Implications for a "Blue" State

What policies are the new president and Congress likely to enact, how will financial markets respond, and what will be the implications for California? Read this month's edition of Intersections.

 

Treasurer Chiang Sends CalPERS Board Letter Calling for Sale of All Tobacco Investments

State Treasurer John Chiang sent a letter to a California Public Employees’ Retirement System (CalPERS) board calling for the complete divestment of all indirect and direct investment in tobacco companies. Read this news release.

 

Treasurer’s ScholarShare Launches First-in-the-Nation College Saving Gift Cards

ScholarShare, California's 529 plan, is the first program in the country to launch college savings gift cards at Toys "R" Us and Babies "R" Us stores.

 

Treasurer’s ScholarShare Makes Holiday Season Twice As Bright With Matching Promotion

ScholarShare, California’s 529 College Savings Plan, is helping to make the holidays twice as bright for families looking to save for college. Read this news release.

 

Treasurer Chiang Convenes Cannabis Banking Working Group

State Treasurer John Chiang announced today the creation of the Cannabis Banking Working Group to address a significant issue that could hamper the implementation of Proposition 64, a ballot measure approved by voters that legalizes the recreational use of cannabis. Read this news release.

 

Treasurer Appoints Dr. Jonathan V. Hall to Council of Economic Advisors

California State Treasurer John Chiang today announced the appointment of economist Jonathan V. Hall to his Council of Economic Advisors. Read this news release.

 

Treasurer Launches First-in-Nation College Savings Gift Cards At Toys "R" Us, Babies "R" Us Stores

Treasurer John Chiang announced today that his office has become the first in the nation to offer gift cards – a popular stocking stuffer used by nearly 93 percent of American consumers – as a way of helping Californians give the gift of college. Read this news release.

 

State Investment Fund Poised To Handle Volatility

One of the golden truths associated with the capital markets is that investors hate the unexpected. Predictably, the fixed income markets reacted to election results by exhibiting a great deal of volatility Read this news release.

 

Treasurer Appoints Steve Juarez Deputy for Economic Development and Higher Education Policy

State Treasurer John Chiang today announced the appointment of Steve Juarez as a deputy treasurer in charge of economic development programs and higher education policy. Read this news release.

 

Treasurer John Chiang Sends Queries to Newly Appointed Wells Fargo CEO Tim Sloan

State Treasurer John Chiang sent a letter with a list of questions to newly appointed Wells Fargo Bank Chief Executive Tim Sloan. The queries were prompted by last week’s announced departure of Sloan’s predecessor, John Stumpf. Read this news release.

 

Treasurer John Chiang’s Statement on Wells Fargo CEO John Stumpf’s Resignation

"Today’s announcement that Mr. Stumpf is stepping down is welcome news. Based on his duck, dodge, and deny performance in the wake of admissions his bank had fleeced legions of its own customers, he was not – and would never be – the change agent leader Wells Fargo so desperately needs." Read this news release.

 

California is Borrowing More Cheaply

California has enhanced its ability to borrow money cheaply and nudged its credit rating into the coveted “high-grade” category amid a period of rising investor clamor for its bonds, according to the new Debt Affordability Report (DAR) issued by State Treasurer John Chiang. Read this news release.

 

Statement from Treasurer John Chiang on Illinois Treasurer Announcing Sanctions Against Wells Fargo

California stands united with Illinois State Treasurer Michael Frerichs’ decision to suspend investment activity with Wells Fargo Bank,” said Treasurer John Chiang. Read this news release.