In this first of the 2005 quarterly reports, we take a look at our local economy, stock market conditions, banking issues and financial undertakings.

  • Wells Fargo fourth-quarter earnings rise by 10 percent, miss analysts' estimate

    SAN FRANCISCO -- Wells Fargo & Co.'s fourth-quarter profit improved 10 percent despite a continued slowdown in the banking giant's once-booming home mortgage business, but the results still missed Wall Street analysts' projections.

  • NCRC's new probate panel guides family disputants to agreements

    Harriett's estate plan seemed clear enough. Her trust provided that her personal belongings were to be "divided equally among my children," and that the balance of her estate was to be distributed "to my then living issue, by right of representation." She named her eldest child, Max (a successful investment banker who lived nearby), as her trustee.

  • The role of executor can be burdensome for a relative or friend

    Determining who will serve as the executor of your estate is a decision that should be weighed carefully. While you may intend it as a gesture of trust or love, naming a friend or relative as executor has serious implications. At U.S. Trust, when we discuss estate planning with our clients, we point out that the duties of an executor are formidable - onerous, actually - and counsel them to give careful thought to the selection of a steward for their estate, before they make the decision.

  • AMT liability makes year-end tax planning critical for affluent individuals

    Now is the time to begin planning for next spring's tax season. Fortunately, this year there are no significant new tax laws or amendments to complicate this year's exercise. However, the effects of the recent tax reforms and the impact of the alternative minimum tax (AMT) underscore the importance of year-end tax-planning for affluent individuals.

  • High net worth individuals should make review of financial plan annual event

    We make plans for weddings, vacations, births, deaths or buying a home. But too often, we neglect one of the most important plans of all - our financial futures.

  • Market Mover: U.S. economy: Industrial output grows, producer prices slows

    U.S. industrial production increased more than expected in December, making last year the busiest for factories, mines and utilities since 2000. Prices for producers fell with energy costs.

  • Bank executives enjoy promotions, prepare for yearend results

    Local banking news centered on promotions last week as banks prepared financial statements for yearend results expected to be released within the next 45 days.

  • Sector-specific investing comes with rewards, risks

    Think about the headlines you often see in the business section: "Tech Stocks Send Market Soaring," "Retail Sector Weighs on Stock Prices," "Health Care Gives Indexes Big Boost." They often focus on specific sectors of the stock market. Maybe you should too -- if you understand the risk/reward tradeoff.

  • Buyers still have 'faith' home prices will outpace the stock market as investment

    Forrest Maltzman, a college professor, sold stock in July to buy the house next door in Bethesda, Md., for $740,000. He plans to rent it to cover the mortgage, then sell for a profit in a few years.

  • Mortgage applications decline for 3rd straight week; refinancing expected to slow

    WASHINGTON -- U.S. mortgage applications fell for a third week as home purchases dropped to their lowest level since the end of 2003, a private group survey found.

  • Indonesia's in spotlight amid death and debt

    Susilo Bambang Yudhoyono can understand a bit of how George W. Bush felt in the days following 9/11. Indonesia's president, like the U.S.'s, was in office only a matter of months when an unthinkable tragedy befell his nation.

  • ETFs reach a new milestone with record inflows in 2004

    NEW YORK -- It wasn't a bad year for conventional mutual funds, but exchange traded funds experienced dramatic growth in 2004, raking in an unprecedented amount of new cash.

  • Smart 2005 goals for families in business

    Traditionally, a new year generates a huge list of resolutions that sometimes don't become reality. To avoid this self-defeating exercise, families in business would do well to cooperatively select perhaps four major goals for 2005, one for each quarter of the New Year. These goals should be specific, measurable, attainable, realistic and time-bound, or "SMART" goals.

  • Viejas to buy out bank's shareholders

    La Mesa-based Borrego Springs Bank announced Tuesday shareholder approval of a reverse stock split that would buyout all minority shareholders and give 100 percent ownership to the Viejas Band of Kumeyaay Indians.

  • Poll: Bankers get high marks for honesty, ethics

    U.S. bankers got a bit of holiday cheer last week as a nationwide poll found American's believe bankers have the utmost standards for honesty and ethical values.

National News

Archived Reports

Banking & Finance Quarterly - Summer 2015

The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.

Banking & Finance Quarterly - Spring 2015

The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.

Banking & Finance Quarterly - 2015

The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.

Banking & Finance Quarterly - Fall 2014

The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.

Banking & Finance Quarterly - Summer 2014

The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.

Banking & Finance Quarterly - Spring 2014

The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.

Banking & Finance Quarterly - Winter 2014

The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.

Banking & Finance Quarterly - October 2013

The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.

Banking & Finance Quarterly - Summer 2013

The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.

Banking & Finance Quarterly - April 2013

This quarterly edition of Banking & Finance focuses on the latest in taxes and investments, as well as the financial impact of sequestration.