Los Angeles Business Journal

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: jrkoren@labusinessjournal.com.

Recent Stories

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Take and Give

Lenders compete to help business owners tap dividend recapitalizations for hefty payouts while loading their companies with debt. Once limited, the practice nears record pace.

Bankers take dividend recapitalizations mainstream, letting business owners load up on money while loading their companies with debt.

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Name-Dropping Worked for Bank

finance: New handle offered Cappello new life in court fight.

Investment bank Cappello Capital has gone back to work under a new name after a firm-scuttling lawsuit.

Lender Steers Way to Texas

Banking: Hanmi joins rivals in chasing out-of-state growth.

Banking: Koreatown’s Hanmi is in a state of expansion with its acquisition of Texas’ United Central.

Helping Get Over Bridge Work

Port-commissioned app to help drivers with Desmond project.

Internet Long Beach port builds bridge to future with app to help navigate traffic during Gerald Desmond work.

Rough Road for Family

Ari Bass was one of many L.A. dads who spent a couple weeks in August driving a van on a family vacation.

Hanmi Financial Corp. Acquires United Central Bank

Koreantown bank holding company Hanmi Financial Corp. completed its acquisition of United Central Bank of Garland, Texas, over the weekend in a deal that gives Hanmi a presence in Illinois, Texas and Virginia.

Snack Maker Chips In With Healthy Line

Quest Nutrition’s new products offer buyers taste of protein.

Quest Nutrition hopes for healthy returns from its new milk protein-based chips.

Wedbush Responds to Regulatory Complaint

Downtown stock brokerage Wedbush Securities in Los Angeles has responded to a financial industry group’s allegations of problems in its market access operations over the past several years.

Ratings Agency Plans to Test Insurers’ Reserves

INSURANCE: CEO at parent of companies says rapid growth helped spur review.

Two insurance companies owned by Malibu billionaire Don Hankey are under review by ratings agency A.M. Best Co., which said it is concerned that the insurers might not have enough reserves to keep pace with their growth.

Case Maker Has Luggage In the Bag

Pelican Products looks to secure new market with sturdy approach.

Security case maker Pelican Products has a brand new bag: luggage.

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