LA FINANCE
Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...County Unemployment Rate Falls; Jobs Added
Los Angeles County’s jobs picture continued its gradual improvement in March as the unemployment rate dipped to 10.2 percent and employers added nearly 24,000 jobs, according to state figures released Friday.
Joe's Jeans, Virtual Piggy Among Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies fell slightly for the week.
City National Reports Higher Profit
Downtown L.A. bank holding company City National Corp., parent of City National Bank, on Thursday reported higher first-quarter net income that fell just shy of investors’ expectations.
Better-Than-Expected Quarter for East West
East West Bancorp Inc. on Wednesday reported higher net income in the first quarter as loan growth and quality improved.
Higher PacWest Profit Lower Than Expected
PacWest Bancorp on Wednesday said that its first-quarter net income more than doubled, but the results still fell short of Wall Street expectations.
BBCN to Buy Chicago Bank
BBCN Bancorp is heading east with Tuesday’s announcement that it plans to acquire a Chicago-based Korean-American bank for $4.6 million.
Cathay General Profit Falls
Cathay General Bancorp on Tuesday reported lower first quarter net income as the company continued to pay down money it borrowed from the U.S. Treasury during the recession.
Bonds Break At Brokerage
INVESTMENT: Vets exit TCW as Carlyle takes over.
TCW can no longer bank on a stable image as veteran executives continue to jump ship.
Sowing Startups
Special Report: Tech Finance
Angels and venture capital firms have sprouted in Los Angeles as the local tech scene has bloomed.
Sequencing Venture Capital
Special Report: Tech Finance
Business Journal takes a step-by-step look at how funding needs are met as tech startups mature, with profiles of local investors.
L.A. Draws Outside Cash
Special Report: Tech Finance
As startup activity in Los Angeles heats up, venture capital firms and angel investors from outside the region have begun to take notice.
Handling ‘Series A Crunch’
Special Report: Tech Finance
The “Series A crunch,” despite its ominous name, is not much more than an observation.
Signature CEO Resigns
Signature Group Holdings Inc. said that Craig Noell has resigned as chief executive and Chairman Chris Colville will take his place.
Staar, RealD Among Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies gained strong for the week.
Pair Charged in KPMG Case
Federal criminal and civil charges were filed Thursday against former KMPG partner Scott London and his friend who allegedly traded on insider information about KPMG clients that included Herbalife Ltd. and Skechers USA Inc.
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