CEO Helps Brother, Again, With $100 Million Soccer Stadium Deal

  • Banc of California keeps buying assets tied to leader’s family
  • It’s the fastest-growing U.S. bank, yielding top stock returns

Ten years ago Steven Sugarman, a former Lehman Brothers investment adviser, co-wrote a book on how to avoid stock losses. One of its top tips: “Beware of companies run by family and friends.”

To continue reading this article you must be a Bloomberg Professional Service Subscriber.