James Rufus Koren covers banking and finance for the Business Journal. 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.
Lending: High-interest loans to small businesses yield big returns.
Direct Lending Investments is doing well as it buys up high-interest loans made to mom-and-pop businesses.
LENDING: Chase No. 1 in number of outposts but its market share declines.
JPMorgan Chase has branched out to have the most L.A. outposts, but still lags bank rivals on deposits
Rugulation: Hire by 1st Century to review money-laundering policies.
Century City’s 1st Century Bank is taking a hard look at its money-laundering policies after federal bank regulators ordered a review.
Shipping: Program to attract alliances may start price war with Long Beach.
Shipping: Port of Los Angeles hopes to make waves by offering rebates to cargo companies.
Hudson Pacific Properties Inc. reported wider losses after markets closed Monday, though the publicly traded real estate trust beat Wall Street expectations.
Banking: Federal fraud review may hold up sale by parent.
Banking: Federal review of payday-lender payment processing by National Bank of California may slow its sale.
At the end of a long work week, broker Carter Magnin doesn’t unwind with his fellow real estate buddies by going to the latest hot restaurant or bar.
Arbitrators order Wedbush to pay its former broker $4 million for pushing bad bonds.
City National Bank’s corporate parent reported solid earnings, with profits higher than analysts expected.
BBCN Bancorp has reported growing profits, with net income of $23.5 million for the quarter ended Sept. 30.