Los Angeles Business Journal

Matt is a finance reporter covering venture capital and private equity.

Recent Stories

SPECIAL REPORT: Building Heat

Studio Lions Gate may be star attraction on list of L.A.’s most profitable public companies, but real estate brokerages making all the right moves.

While movie studios continue to produce, real estate brokerages are the real stars of the Business Journal’s list of most profitable public companies.

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Regulators Back Deal to Form L.A.’s Largest Lender

BANKING: Analyst says his money was on merger despite activists’ concern.

Regulators endorse OneWest-CIT merger as activist opposition seemed to have little impact.

Ares Confirms $2.6 Billion Acquisition of Kayne Anderson

Months after rumors of the deal first surfaced, private equity and debt giant Ares Management announced Thursday that it has agreed to acquire fellow Century City finance firm Kayne Anderson Capital Advisors for $2.6 billion, mostly in stock.

Thursday Rundown: City National Beats on Earnings; Medbox Buys Pot Farm; Reliance Shares Soar

Downtown Los Angeles’ City National Corp., the parent company of City National Bank, reported strong second-quarter earnings Thursday that included the bank’s highest-ever net income.

Citigroup Shuts Down L.A.’s Banamex After Money-Laundering Settlement

New York finance giant Citigroup Inc. announced Wednesday it will shut down its Los Angeles subsidiary Banamex USA after agreeing to a $140 million settlement with federal and California regulators over the bank’s failure to adequately monitor possible money laundering.

Tuesday Rundown: Kind Financial Launches Cannabis Banking Software, Saban Picks Up Hello Kitty Exec

Hollywood marijuana industry finance firm Kind Financial announced Tuesday that it has teamed up with former bank regulators to introduce software that the firm promises will allow cannabis businesses to remain compliant with bank regulations.

Regulators OK CIT-OneWest Deal

Just shy of a year after the deal was first announced, federal banking regulators have signed off on New Jersey lender CIT Group Inc.’s purchase of Pasadena’s OneWest Bank.

Preferred Bank Goes Bi-Coastal

Downtown L.A.’s Preferred Bank, which focuses on lending to Chinese-American businesses, announced Monday that it has signed an agreement to acquire United International Bank in Flushing, N.Y.

China’s Stock Market Bust May Break L.A.’s Way

INVESTMENT: Analysts see exchange’s drop resulting in more money sent here.

Analysts see China’s market crash possibly spurring investors there to stock up on L.A. assets.

Co-Founders Go With Grains at Filipino Eatery

DINING: Ricebar co-owners serve fast-casual lunches to local business crowd.

When chef Charles Olalia came back to Los Angeles after getting married in his native Philippines, he decided to start cooking more dishes that reminded him of home.

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