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: firstname.lastname@example.org.
Molina Healthcare Inc. reported meager earnings after markets closed Wednesday, falling well short of Wall Street expectations on profits.
BANKING: Investment in Pan American could pay off in public-service benefits.
Investing institutions expect to buoy their business by sinking $6.3 million into floundering Pan American.
SCE Federal staff takes turns offering financial tips on daily program.
SCE Federal Credit Union hopes its star rises with employees’ daily appearances on TV show “Tu Mundo Hoy!”
LENDING: Non-profit seeks Villaraigosa’s help on local impact of bank acquisition.
An advocacy group protesting a local bank transaction wants former Los Angeles Mayor Antonio Villaraigosa to broker a deal and end the dispute.
City National Corp. reported strong second-quarter earnings after markets closed Thursday, posting net income of $66.7 million ($1.11 a share), up 12 percent over the same period a year ago.
More than a dozen West Coast banks, including eight in Los Angeles County, pumped $6 million of new capital into East L.A. lender Pan American Bank, which was on the verge of being shut down by regulators.
Shares of Koreatown lenders BBCN Bancorp Inc., Hanmi Financial Corp. and Wilshire Bancorp all closed slightly down Tuesday after the three banks reported earnings.
FINANCE: Capital raises show strength of once-snubbed sector.
Small lenders look to capitalize on big investors’ surging interest in the sector.
MEDIA: Lions Gate among content owners boosted by bid for Time Warner.
Producer-distributor Lions Gate’s star rises on increased demand for TV and movie content.
finance: Westlake expands services to major dealerships.
Subprime auto lender Westlake Financial Services has taken a turn for major dealerships.