James Rufus Koren is a finance reporter covering the banking industry.
Prior to joining the Business Journal, he covered state and local politics for several daily newspapers in Southern California. He is a graduate of the University of Southern California. He can be reached at 323-549-5225, ext. 225, or by email: email@example.com.
New licenses rev up auto insurer’s focus
Spain’s Mapfre hopes illegal immigrants obtaining drivers licenses will rev up its auto coverage market.
The death of Mickey Rooney last week got Michael Levine reminiscing.
ACCOUNTING: Nigro Karlin hopes to add sectors with its extra personal services.
Nigro Karlin looks to add more non-show business clients to its beyond-bean-counting personal service.
Banking: Low-profile First Credit rides bridge financing to become L.A.’s most profitable lender for three years running.
First Credit has crossed over into elite territory with its high returns from bridge financing.
Investment: Double M participated in Santa Monica firm MomentFeed’s A round in December after having made seed-round investments in the company.
Before Mark Mullen upped his investment in social media marketing company MomentFeed late last year, he wanted to know if customers liked the Santa Monica company’s product.
Armstrong gardening business traces roots back to 1889.
Armstrong Garden Centers planted itself in Los Angeles way back in 1889.
ACQUISITION: Future of Wedbush Bank in question amid Grandpoint deal.
Wedbush Bank, a savings and loan owned by securities brokerage Wedbush Inc., is selling its loans and deposits to Grandpoint Bank.
Bizainy kits make kids bosses of their own businesses.
Bizainy makes a play for young entrepreneurs with its line of business-launching kits.
The Federal Reserve board on Tuesday approved a deal that will create the fourth biggest local bank: Century City’s PacWest Bancorp’s acquisition of downtown L.A. CapitalSource Inc.
lending: Hard-money lenders welcome pricey property projects as supply of low-end homes dwindles.
Hard-money financiers move into the high-price home market as the low-end housing pool dries up.