FINANCE
Recent and archived news stories on: banks, credit unions, mortgage lenders, SBA lenders, stocks/bonds, venture capital, wealth management, investment banks, factors, money managers, economic news and financial sector news
Redondo Apartment Complex Gets $75 Million Loan
A 115-unit mixed-use apartment development in Redondo Beach has received a $75 million loan.
Latino Small Business Lender Snags $8 Million Series A
Camino Financial Inc., a downtown-based fintech online lender focused on the Latino market, has raised $8 million in a Series A funding round.
City Lifts a Freeze on Cannabis Deals
Finance: After six-month delay, agency resumes processing business licenses
After a six month freeze, Cannabis dealmaking in Los Angeles appears to have experienced a sudden thaw.
Fintech Flashpoint: L.A. Has What It Takes to Become a Financial Technology Hub
L.A. is taking its place in the booming fintech space. Read about some of the L.A. startup and venture capital ecosystem players in the Banking and Finance Quarterly special report.
Bullish on LA
Struck Capital’s Adam Struck believes the city’s startup community can rival Silicon Valley
Santa Monica-based venture capital firm Struck Capital is all-in on L.A. The firm invests in an array of industries, from lifestyle products and gaming to financial and educational technology.
LA Cannabis Deals on Ice
Finance: Regulatory delays chill investments
Cannabis dealmaking in Los Angeles is stuck in a regulatory bottleneck. Approval on cannabis business ownership transfers have been on hold since July, delaying investments.
LA-Based Companies Are Riding the Wave of Kickstarter Funding
LA is the top city for projects raising money on the crowdfunding platform
Los Angeles has raised more money through Brooklyn, N.Y.-based Kickstarter than any city in the world.
Sababa Launches Fund
Looks to connect Israeli startups, US companies
Sababa Ventures, which is looking to bring Israeli funding, innovation and expertise to the American market, is raising $35 million for its debut fund.
Bastion Buys Agency db5
Australian company continues LA push
Highland Park-based consumer insights and strategy agency db5 has been purchased by Australian communications group Bastion Collective.
Fintech Startup Altruist Raises $8.5 Million
Venice-based startup Altruist Corp. raised an $8.5 million Series A round.
Broker-Dealer Western International to Be Acquired
Western International Securities Inc., an independent broker-dealer based in Pasadena, will be acquired by New York-based Atria Wealth Solutions Inc.
LGBTQ-Focused Index Launches
WeHo firm tracks top 100 companies for investors
LGBTQ Loyalty Holdings launches an index tracking companies committed to advancing equality.
J2 Planning $500M Offer
Internet services firm will use funds on credit balance
Hollywood-based internet services firm J2 Global Inc. intends to sell $500 million in convertible senior notes.
HMBradley Nabs $3.5M
Digital banking startup looks to launch in 2020
Halleman Bradley to launch a tech-focused banking platform following a $3.5 million seed round.
Most Influential Insurance Brokers: Publisher's Letter
Custom Content by the Los Angeles Business Journal
As we recently learned after last year’s wildfires, insurance is vitally important if we are to protect our businesses, employees, homes, vehicles, and other professional and personal assets.
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