LA FINANCE
Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Former Clients to Get Convicted Accountant’s Files
INVESTIGATION: Plaintiffs hope hard drives will help lawsuits against bank.Politicians and campaign organizations suing a local bank over money stolen by campaign accountant Kinde Durkee could get their hands on more evidence in coming weeks. May 20, 2013 midnight $$ ShareTCP Capital Prices Stock Sale
Shares of TCP Capital Corp. fell more than 3 percent on Tuesday after the business investment and development company priced a $70.3 million stock offering below the previous day’s closing price.
Hitting ’Em Where They Live
OP-ED: L.A.’s lack of affordable housing hinders businesses in drawing from skilled pool of employees.
Raphael Bostic, Robin Hughes and Tony Salazar urge L.A. businesses to home in on affordable housing for workers.
L.A.’s Unemployment Rate Dips Into Single Digits
Los Angeles County’s economic recovery notched a milestone in April when the unemployment rate fell to 9.9 percent, the first time it was below 10 percent since December 2008, according to state figures released Friday.
Puma, Mannkind Among Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies continued to gain this week, in line with the larger markets.
PacWest, First California Merger Gets Final Approval
Century City’s PacWest Bancorp has received final approval from federal regulators for its $231 million stock acquisition of Westlake Village’s First California Financial Group Inc.
Ernst & Young Names Entrepreneur of the Year Finalists
Ernst & Young LLP has announced the Los Angeles area finalists for its Entrepreneur of the Year award.
Tryperion Partners Raises $50 Million Fund
Tryperion Partners LLC, a West L.A. real estate investment and advisory firm announced Monday that it had closed its first $50 million fund.
News Show Gives Small Cap Firms Screen Time
TELEVISION: ‘MoneyTV’ takes fee to let executives talk up companies’ stocks.
“MoneyTV” wants to help tune up small cap company stocks by getting investors tuned in.
Sport Chalet, Ducommun Among Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies rose strongly for the week in line with the larger markets.
PennyMac Financial Raises $200 Million in IPO
Residential mortgage company PennyMac Financial Services Inc. raised $200 million in an initial public offering that began trading on Thursday.
Broadway Financial Sells More Non-Performing Loans
Broadway Financial Corp., which has been working to clear its books of long-standing bad debt, has completed the sale of another $8.7 million worth of non-performing loans.
Mercury Casualty Loses Battle Over Rates
Mercury Casualty Co. has lost a court battle to immediately block state Insurance Commissioner Dave Jones’s order to lower its rates by 8 percent for 270,000 homeowner policyholders.
Shares Rise as Oaktree Beats Expectations
Oaktree Capital Group LLC shares rose after the company beat Wall Street expectations again with first-quarter results reported Tuesday.
BofA Settles With Mortgage Insurer
Bank of America Corp. has agreed to pay mortgage insurer MBIA Inc. $1.6 billion to settle legal disputes related to home loans from its Countrywide Financial unit that were packaged into securities during the financial crisis, the bank announced Monday.
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