Los Angeles Business Journal

Matt is a finance reporter covering venture capital and private equity.

Recent Stories

Activists’ Protest On the Money

BANKING: Coalition scores concessions in lender unions.

BANKING: California Reinvestment Coalition looks to lock up concessions from OneWest and CIT or trip up their merger.

Tease photo

Leasing Firm Commits Long Term to Equipment

Finance: Enverto envisions traditionally staid sector as ripe for app, investors.

Finance: Enverto banks on equipment leases with customers who have been spurned by other lenders.

Wall Street Flees From Poor Hepatitis B Results

Health Care: Shares of Arrowhead tumble after human results disappoint.

Health Care: Investors check out of Arrowhead Research’s stock after disappointing hepatitis B tests.

Gores Group Sells Car Fabrics Maker to Clearlake Capital

Beverly Hills private equity firm Gores Group announced Thursday that it sold Sage Automotive Interiors to Clearlake Capital Group, a private equity firm in Santa Monica. Terms were not disclosed.

Community Group to Oppose CIT-OneWest Deal

The California Reinvestment Coalition, an organization that advocates for banks to do more for low-income communities, will oppose the planned purchase of Pasadena’s OneWest Bank by Livingston, N.J., finance firm CIT Group Inc.

Tease photo

Departure of Rival Pays Off for Fund Managers

Banking & Finance: DoubleLine, TWC see gains in wake of exit by Pimco’s Bill Gross.

Pacific Investment Management Co.’s Bill Gross, the Bond King of Newport Beach, has been dethroned – and Jeffrey Gundlach of downtown L.A.’s DoubleLine Capital is one of the biggest beneficiaries.

Regulations Vault Lender Into Acquisition Deal

Banking: Simplicity CEO says expenses prohibitive for smaller institutions.

Banking: Simplicity Bancorp agrees to be acquired after new regulations do a number on the lender’s bottom line.

Phone Hang-Up on Hold

Page 3

As chief executive of DesiHits, an L.A. music-focused digital media firm, Anjula Acharia-Bath connects pop stars such as Lady Gaga with audiences in India, and Bollywood stars with U.S. fans.

Bill Clinton to Headline Banc of California Event

Former president Bill Clinton will keynote Banc of California’s financial literacy event on Nov. 9 at USC’s Galen Center. The event sponsored by the Irvine bank will provide personal finance training to 5,000 “at-risk” young people from the area.

Seattle Lender to Buy Covina’s Simplicity Bank

Covina savings and loan Simplicity Bancorp Inc. announced Monday that it has entered into an agreement to be purchased by Seattle bank HomeStreet Inc. in an all-stock deal. The combined company will have about $4.1 billion in assets under management.

More stories