Los Angeles Business Journal

LA FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Tease photo

Doughnut Company Sees Holes to Fill in SoCal

Food: Krispy Kreme’s area franchisee plans to open 20 shops in next seven years.

Krispy Kreme plans to go hole hog in Southern California with 20 new stores.

‘A City in Decline’? Not L.A.

OP-ED

Russell Goldsmith lists the assets that L.A. leaders should bank on as they look to improve the economy.

L.A. Unemployment Down, But Few New Jobs

L.A. County’s unemployment rate fell to 9.2 percent in December, its lowest point in more than five years, according to state figures released Friday.

Nova, Herbalife Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed down for the week.

Top Three L.A. Banks Report Strong Earnings

Last year was a good one for Los Angeles County’s big banks, as the three biggest local lenders all reported solid earnings for 2013. All announced growing profits, assets and loan volumes.

Cast & Crew Launches Production Loan Unit

Cast & Crew Entertainment Services has started a new division to provide government incentive-backed financing for film and television productions.

East West Completes MetroCorp Acquisition

East West Bancorp Inc. said it had completed its acquisition of MetroCorp Bancshares Inc. in a deal that deal increases its presence in Houston and gives it its first branches in Dallas and San Diego.

Tease photo

Namvar Victims Say They’re Being Ripped Off Again

Bankruptcy: Creditors protest as lawyers, others submit huge bills.

Ezri Namvar’s investors were ripped off when his Ponzi scheme collapsed, and now they say they’re getting shorted again by the professionals in charge of recovering their money.

Nova, MannKind Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed down slightly for the week.

Venture Capital Upswing Bypasses L.A.

Venture capital activity in the United States increased overall last quarter and last year, but that trend skipped Los Angeles.

BBCN’s Min Steps Down as CEO

BBCN Bank on Thursday announced that Chief Executive Soo Bong Min had retired.

Pizza Rev Expands Outside California

Fast-casual pizza chain PizzaRev has signed franchise agreements for more than 20 new outlets in five states.

Cherokee Acquires Tony Hawk Line From Quiksilver

Cherokee Inc., the Sherman Oaks apparel and accessories brand-licensing company, has acquired the Tony Hawk and Hawk Signature apparel brands from Quiksilver Inc. of Huntington Beach for $19 million.

Fundraiser Ready to Sit and Spin

Tour de Pier to set up stationary bikes by beach for benefit.

Tour de Pier offers a different spin on cancer fundraisers with its stationary-bike benefit by the beach.

Medbox Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week.