LA FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Century City-based Ritter Pharmaceuticals was this week’s biggest mover.
Media mogul Haim Saban has priced an initial public offering for his Saban Capital Acquisition Corp., seeking to raise $235 million for the “blank check” company that would acquire an as-yet unidentified media business.
Idea of owning ad technology firm clicks with Los Angeles Times owner tronc.
Levine Leichtman Capital Partners, a Beverly Hills private equity firm, cashed in its chips – or pretzels – when it sold its majority stake in Pasadena pretzel chain Wetzel’s Pretzels to CenterOak Partners, a Dallas private equity firm.
The L.A. City Attorney announced a record-breaking settlement on Thursday in which Wells Fargo Bank was ordered to pay customer restitution and $50 million in civil penalties for opening unauthorized customer accounts.
The Irvine-based Banc of California will be the official banking partner of the Los Angeles Rams Foundation, the football team’s charitable organization.
EMPLOYMENT: L.A. County fertile field for self-employed.
Entertainment and shipping industries have boosted Los Angeles as a home to nontraditional jobs.
HelloSociety to enlist four-legged influencers for brand marketing.
HelloSociety hopes to collar famous pets for use in social media marketing campaigns.
Green Dot Bank in Pasadena announced yesterday that board member Mary J. Dent would become the bank’s chief executive. She succeeds Lewis Goodwin, who will remain as the bank’s president, according to a press release.
INVESTMENT: Peak6 takes controlling stake in Spark, owner of ChristianMingle.
Hedge fund Peak6 seals deal with dating site operator Spark Networks for controlling stake.
Embattled South Korean cargo container carrier Hanjin Shipping Co. Ltd. is expected to present a $1.1 billion liquidity plan Thursday in efforts to avoid bankruptcy.
The Los Angeles Football Club’s future 22,000-seat stadium will be called the Banc of California Stadium, according to an agreement between the soccer club and Irvine-based bank announced today.
The long-running battle between local card rooms and tribal gaming casinos has a new skirmish line: a change in an obscure state rule that could cost the local card rooms millions of dollars in revenue each year.
Los Angeles was the city with the second highest number of fast growing private businesses in the country last year, according to the 2016 Inc. 5000 list, published by Inc. Magazine on Aug. 17.