UC Berkeley Chief Financial Officer Erin Gore is stepping down at the end of the month after four years of helping oversee new campus financial initiatives to aid students. Gore’s major projects during her time on campus included helping to establish the first comprehensive campuswide budget plan and overseeing the Read More…
Downtown Shattuck Avenue has undergone several generations of mass transit, the relics and pieces of which are integrated into the restaurants there today. In the pioneering days, the mile-long pier that once docked ferries to and from San Francisco dropped off passengers at Center and Shattuck. Now Center Street is Read More…
Wells Fargo presented $240,000 in donations last Tuesday to 15 educational foundations and endowments from the East Bay at the Alameda County Office of Education. Read More…
The findings of the report indicated that student borrowing from private lenders “rapidly grew” from $5 billion in 2001 to $20 billion in 2008, followed by a “precipitous” decline to less than $6 billion in 2011. Read More…
While America’s biggest financial institutions certainly played their part in the economic recession that persists today, it’s hard to exact meaningful punishments on them. Unethical behavior, after all, isn’t necessarily illegal behavior. Right on the heels of Berkeley City Council’s Jan. 31 decision to consider alternatives to banking with Wells Read More…
The ASUC Senate unanimously passed a bill Wednesday night to investigate moving ASUC funds from Bank of America to smaller local institutions in order to support what the bill calls “ethical banking.” Joining recent proposals by the city of Berkeley and local community colleges, the bill creates a temporary committee Read More…
The Berkeley City Council unanimously passed an item Tuesday night that could set the stage for transferring the city’s assets out of Wells Fargo. The item, proposed by Councilmembers Jesse Arreguin and Darryl Moore, asked the city manager to explore the impact of transferring roughly $300 million in city money Read More…
Distrust of big banks became a common theme of the Occupy movement and inspired thousands across the nation to move their money to smaller credit unions. Now, the city of Berkeley may follow suit. At its Tuesday meeting, the Berkeley City Council will consider a proposal to move Berkeley’s assets Read More…
Occupy Berkeley announced this week that it will attempt to shut down the downtown branch of Chase Bank on Saturday by staging a peaceful demonstration in front of the building. Starting at 10 a.m., the group plans to block the bank’s door and ATMs as well as bar patrons from entering the Read More…