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
Union Bank Names New President
Seibly asked to challenge global banks in region
Union Bank, the West Coast retail and commercial banking arm of MUFG Union Bank, has appointed Greg Seibly as president and head of regional banking.
Brentwood Associates Acquires Parchment Inc.
PE firm buys academic company Parchment
Sawtelle-based private equity firm Brentwood Associates has completed its acquisition of digital academic credentials company Parchment Inc.
Helping Banks Up Their Game
InvestCloud’s tech tools reach younger consumers
Many millennials are simultaneously bored and intimidated by finance. InvestCloud Inc. co-founder Yaela Shamberg is working to change that by building financial software that younger consumers actually want to use.
East West Posts Record 2019 Revenue
Gain comes despite decline in company’s annual net income
Pasadena-based East West Bancorp Inc. posted a company record $1.7 billion in revenue for 2019, beating analyst expectations.
Gores Group Closes Its Biggest SPAC Yet
Gores Holdings IV tops target with a $425 million IPO
Gores Group has raised its largest initial public offering yet for a special purpose acquisition company, or SPAC, yet.
BMO Opens First Office in Los Angeles
Bank of Montreal unit will focus on commercial banking
BMO Harris Bank, the U.S. banking arm of one of Canada’s largest financial institutions, has opened its first office in Los Angeles.
LA Businesses Brace for Virus
Tourism, trade could be hurt by outbreak
As a central gateway between China and the United States, experts say L.A. stands to feel an outsized economic impact from the Wuhan coronavirus, the worst disease outbreak in Asia in nearly two decades.
Fintech Friendly
Banks lean on tech companies to meet customer expectations
Banks the world over are increasingly being held to the same standards as internet giants and nimble fintech startups.
Ares Makes Major Acquisition in Asia
Private equity firm picks up Hong Kong-based SSG Capital Management
Ares Management Corp. will buy a controlling stake in Asian asset manager SSG Capital Management Ltd.
Dialing Up the Deals
Private Equity: Big money is pouring into LA-based mega-funds
L.A. has seen two private equity raises of $10 billion or more in the last two months, reaffirming the city’s position as a global business center
VCs Cause a Scene
Venture Capital: LA nears ‘inflection point’ as size and volume of deals surge
If PayPal Inc.’s purchase of ecommerce software developer Honey Science Corp. is any indication, Los Angeles’ startup scene is reaching a new plateau.
The 2020 Money Issue Banks Directory
See a comprehensive directory of Los Angeles banks and banking executives and their contact information in the 2020 Money Issue.
The 2020 Money Issue Credit Unions Directory
See a comprehensive directory of Los Angeles credit unions and their executives' contact information in the 2020 Money Issue.
The 2020 Money Issue Investment Banks Directory
See a comprehensive directory of Los Angeles investment banks and banking executives and their contact information in the 2020 Money Issue.
The 2020 Money Issue Venture Capital Firms Directory
See a comprehensive directory of Los Angeles venture capital firms, their executives and their contact information in the 2020 Money Issue.
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