James Rufus Koren is a finance reporter covering the banking industry.
Prior to joining the Business Journal, he covered state and local politics for several daily newspapers in Southern California. He is a graduate of the University of Southern California. He can be reached at 323-549-5225, ext. 225, or by email: email@example.com.
City National Corp. reported strong second-quarter earnings after markets closed Thursday, posting net income of $66.7 million ($1.11 a share), up 12 percent over the same period a year ago.
More than a dozen West Coast banks, including eight in Los Angeles County, pumped $6 million of new capital into East L.A. lender Pan American Bank, which was on the verge of being shut down by regulators.
Shares of Koreatown lenders BBCN Bancorp Inc., Hanmi Financial Corp. and Wilshire Bancorp all closed slightly down Tuesday after the three banks reported earnings.
MEDIA: Lions Gate among content owners boosted by bid for Time Warner.
Producer-distributor Lions Gate’s star rises on increased demand for TV and movie content.
FINANCE: Capital raises show strength of once-snubbed sector.
Small lenders look to capitalize on big investors’ surging interest in the sector.
Most bank executives wouldn’t brag about how many of their employees were watching sports during the workday. Then there’s Alan Rothenberg.
GOLD: Rosland Capital to adapt U.S.-centric pitch in hopes of stoking interest.
Expansion into Britain may test the mettle of brokerage Rosland Capital.
finance: Westlake expands services to major dealerships.
Subprime auto lender Westlake Financial Services has taken a turn for major dealerships.
Los Angeles City Attorney Mike Feuer has asked a court to appoint a receiver to oversee the actions of two organizations run by the Department of Water and Power and a local union.
Washington law firm Venable has acquired Westwood firm Weingarten Brown, the firms announced Tuesday.