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California treasurer threatens to ‘raise holy hell’ at Wells Fargo’s annual meeting

California Treasurer John Chiang told Wells Fargo that unless the bank ousts the four directors from the board that he wants gone, he will “raise holy hell” at this year’s annual shareholders meeting.In taking action against the bank Feb. 2, the Federal Reserve capped the bank’s growth and ordered four directors to exit by year-end. But Wells Fargo (NYSE: WFC) has not identified the three board members exiting by the end of April and the other director departing by year-end.Chiang, a candidate for governor, reiterated Monday that he wants four directors shown the door: Lloyd Dean, president and...

Sexual misconduct complaint should push Travis Allen out of gov’s race, rivals say

Any man who has abused his power “and sexually harassed others is unfit to serve: as a legislator, as a mayor, or as governor.”Source: Sacramento Bee - Read More Here

State Treasurer appeals to local democrats in race for Governor

California’s state banker made his case for governor to Santa Monica democrats Wednesday as he seeks to close in on frontrunner Lt. Governor Gavin Newsom before the June primary. The State Treasurer has raised half as much money as Newsom, about $8 million, according to filings with the California Secretary of State. After the summer primary, the top two candidates (regardless of party) will sprint to the general election in November.“I’m the one willing to stand up to Wall Street while other democrats are taking tens of thousands, hundreds of thousands (of dollars) from Wall Street bankers,” Chiang said,...

State Treasurer John Chiang, running for governor, outlines vision for state

State Treasurer John Chiang may be running for governor, but 20 years on the financial side of government leaves a mark that isn’t going away.Time after time Thursday he apologized to the crowd at San Francisco’s Public Policy Institute of California for “becoming a bit technical” or “getting a little wonky” as he explained his plans for the state.“You’re in the right place for that,” deadpanned moderator Mark Baldassare, president and CEO of the policy think tank.But Chiang didn’t downplay his years of green-eyeshade experience with the state’s financial battles as treasurer, state controller and member of the state...