LA FINANCE
Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...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.
Green Dot CFO To Depart
Monrovia’s Green Dot Corp. is in the market for a new chief financial officer after John Keatley announced he plans to leave the company by September.
Hanmi Names Chief Financial Officer
Koreatown’s Hanmi Financial Corp., the holding company for Hanmi Bank, announced Thursday that Shick “Mark” Yoon has been appointed chief financial officer, effective immediately.
California Chamber Flags 32 “Job Killer” Bills
The California Chamber of Commerce released its annual list of “job killer” bills on Monday, targeting 32 measures in the state Legislature it believes will have a negative impact on California’s business climate if they were to become law.
Stocked Up
Farmers bank keeps share number low, value high
Is Farmers & Merchants Bank the Berkshire Hathaway of Los Angeles?
Do the Math
Schools must rewrite curriculum to include financial literacy to provide students with crucial skills.
William Coffin calls for rewriting school curriculums to include financial literacy
Cetera to Acquire MetLife Broker-Dealer Businesses
Cetera Financial Group said that it will acquire Tower Square Securities and Walnut Street Securities from financial services giant MetLife Inc.
The Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies rose slightly for the week.
Air Lease Places Jets with Saudi Carrier
Air Lease Corp. has signed six-year lease agreements to provide three Airbus A320-200 aircraft to NAS Air, a fast-growing, low-cost Saudi Arabian airline.
Bank Created Little Interest
LENDING: Evergreen can’t even sell off its charter.
Evergreen International Bank checks out after failing to find a buyer for its assets or charter.
L.A. Economy Improves
L.A. County’s economy improved in February as the unemployment rate dipped to 10.3 percent and the county added 39,000 jobs, according to state figures released Friday.
Wealth Manager Aspiriant Enters Funds Market
Aspiriant, a West L.A. independent wealth management firm that oversees $7 billion in client assets, announced the launch of its first mutual fund.
Job Losses Hit L.A.
L.A. County’s economy took a big hit in January as more than 81,000 payroll jobs were lost and the unemployment rate edged up to 10.4 percent, according to revised state figures released Friday.
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