Reporter Richard Clough covers banking and finance industry for the Los Angeles Business Journal. Prior to joining the Business Journal, he covered politics from the Washington bureau of the Chicago Tribune. He graduated from UCLA in spring of 2006 with a degree in history. He joined the Business Journal in January 2007.
Every other week, the Banking and Finance column keeps up with the banking and finance industry industry in Los Angeles.
Rick can be reached at 323-549-5225, ext. 251 or by email: rclough@labusinessjournal.com.
Recent Stories
Judge Won’t Revive Case Against Ex-Bank Officer
BANKING & FINANCE: Former Wilshire State executive had faced more fraud accusations.
A judge last week denied requests to reopen a fraud case against the former chief marketing officer of Wilshire State Bank.
In Distress
Veteran banking executive Mary Lynn Lenz says she’s not quite ready for a withdrawal from turning around financially troubled institutions.
Mary Lynn Lenz isn’t ready to check out of the stress of turning around distressed banks.
Baseball Team Owners Call Third Strike on Bank
Pohlad family, also stakeholders in First California, push for change.
Baseball family says a local bank has struck out and calls for change.
Securities Subsidiary Ready to Invest in Social Media
BANKING & FINANCE: Wedbush unit hopes to boost business via Twitter and Facebook.
The financial services industry has been somewhat reluctant to embrace social media, but one local investment firm is hoping to change that.
Former Banker Hit With More Claims
New borrowers say they were pushed into bad loans.
A former Koreatown banker faces new allegations of wrongdoing.
Cancer Drug Provides Healthy Boost to Biotech
Analyst calls Xgeva ‘key franchise to watch’ for Amgen.
Potential new use has boosted the prognosis for drug Xgeva and maker Amgen.
Bank Company’s Stock Goes on Rise With Analysts
BANKING & FINANCE: Hanmi earns praise with reverse split, share offering.
Hanmi Financial Corp. is making strides in a plan to regain its reputation as one of Koreatown’s strongest financial institutions.
Local Lenders Feeling Pressure Over Federal Money
Institutions see speedy repayment of TARP funds as bottom-line boost.
Local lenders hurry to shake bottom-line and public image burdens by paying off federal TARP loans.
Dinner With Royalty? No Joke
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Fasha Mahjoor flew to England last week to dine with royalty at Buckingham Palace.
Pent-Up Supply Fueled M&A Revival
Private equity helped breathe new life into L.A.’s M&A activity.
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