Los Angeles Business Journal

LA FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Risk, Returns

Banking: Low-profile First Credit rides bridge financing to become L.A.’s most profitable lender for three years running. First Credit has crossed over into elite territory with its high returns from bridge financing.

By James Rufus Koren April 14, 2014 midnight   $$ Share
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Latino Market

New licenses rev up auto insurer’s focus

Spain’s Mapfre hopes illegal immigrants obtaining drivers licenses will rev up its auto coverage market.

L.A. Employers Added 19,000 Jobs in March

Employers in Los Angeles County added nearly 19,000 jobs in March, led by a rebound in local government services, according to state figures released Friday.

Shareholders of Texas Bank Approve Hanmi Merger

Hanmi Financial Corp. on Thursday said that shareholders of Central Bancorp Inc. have approved a merger with Hanmi.

Jakks Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies made gains at the end of a shortened trading week on Thursday, ahead of the markets’ close on Good Friday.

On-Location Filming Stays Steady in L.A.

On-location production remained flat in the first quarter despite evidence that the state’s tax credit program is keeping more production in the Los Angeles region.

State Chamber Lists Job-Killer Bills

The California Chamber of Commerce released its annual list of “job killer” bills on Wednesday – and the current tally of 26 is fewer than in recent years.

AFEX Buys Bank in Toronto

AFEX, a Woodland Hills provider of cross-border payment services for businesses, has purchased Jameson Bank in Toronto, the company announced Tuesday.

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Brand Recognition

INVESTMENT: Incubator Imprint Venture Lab forgoes tech scene to find and power up apparel, appliance businesses.

The incubator Imprint Venture Lab eyes new brands in the hope of repeating its success with Knockaround Sunglasses.

Los Angeles Has Work to Do on Job Creation

OP-ED

Los Angeles needs to get to work on job creation, according to Edward E. Leamer and Judy D. Olian.

MannKind, Mandalay Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies gained slightly for the week.

PacWest Acquisition Gets Final OK

The Federal Reserve board on Tuesday approved a deal that will create the fourth biggest local bank: Century City’s PacWest Bancorp’s acquisition of downtown L.A. CapitalSource Inc.

Ares Files for IPO

Century City private equity firm Ares Management filed for an initial public offering on Monday.

American Apparel, MannKind Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies fell slightly for the week.

David Nazarian Gives $10 Million to CSUN Biz School

Cal State Northridge will rename its business school after David Nazarian following a $10 million gift by the L.A. tech and real estate investor.

Universal Studios Expands American Express Partnership

American Express Co. cardholders will have access to film premieres and VIP screenings under an expanded marketing agreement announced Wednesday by the personal finance company and Universal Studios.