LA FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
OP-ED: Military veterans tap their unique experiences to boost businesses and America.
Employment: James Bogle salutes military veterans who have adapted their skill sets to boost domestic businesses.
The Los Angeles Business Journal’s index of largest local public companies fell for the week, with most of the biggest movers tied to quarterly earnings.
Health Net Inc. on Thursday posted higher third quarter earnings, boosted by a favorable reimbursement adjustment from the state of California. Air Lease Corp. and Colony Financial Inc. also exceeded Wall Street forecasts.
PennyMac Financial Services reported disappointing third quarter earnings due to a decrease in loan origination.
Saehan Bancorp on Tuesday said that its shareholders had approved a merger with Wilshire Bancorp.
OP-ED: New SEC rules on investing could spread dollars beyond high-tech private companies.
Investment: Victoria Silchenko thinks new SEC rules permitting “crowdinvesting” could boost the mass appeal of non-high-tech companies.
Oaktree Capital Group on Friday said its per-share profit rose 33 percent in the third-quarter as the distressed debt investor earned more in fees from its clients for exceeding performance targets.
The Los Angeles Business Journal’s index of largest local public companies fell for the week.
Shares of Green Dot Corp. jumped more than 12 percent in after-hours trading Thursday after the prepaid debit card company reported third quarter adjusted profit that met analysts' expectations. It also announced an expanded distribution deal with longtime partner Wal-Mart.
Mercury General Corp. on Monday said net income fell 41 percent in the third quarter, as the auto and property insurer saw higher expenses and lower investment income. The results still exceeded Wall Street expectations.
The Los Angeles Business Journal’s index of largest local public companies rose for the week, as the markets recovered from declines earlier in the week.
City National Bank’s corporate parent reported solid earnings, with profits higher than analysts expected.
Scott London, the former KPMG auditor who has pled guilty to insider trading, deserves three years in prison and a $100,000 fine, according to a confidential report from the U.S. Probation Office.
Beverly Hills private equity firm OpenGate Capital announced Tuesday it has launched a new division to focus on media and publishing acquisitions.
BBCN Bancorp has reported growing profits, with net income of $23.5 million for the quarter ended Sept. 30.