Los Angeles Business Journal

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

Recent Stories

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.

L.A. Bank’s Survey Reports Optimism for 2015

The majority of local small and medium-sized businesses expect revenues to increase next year, according to a survey taken by downtown Los Angeles bank CTBC Bank Corp.

Debit-Card Firm Has More in Store for Wal-Mart

FINANCE: Green Dot stock rises after signing exclusive deal with retail giant.

Wall Street warmly greets debit-card company Green Dot deepening its ties to Wal-Mart.

Tease photo

All That Glitters May Be Going

METALS: Another gold broker closes after accusations by city.

Santa Monica proves its mettle by going after a gold dealer accused of bait-and-switch scheme.

All That Glitters May Be Going

Santa Monica proves its mettle by going after a gold dealer accused of bait-and-switch scheme.

BBCN Expands Into Korea

Koreatown’s BBCN Bancorp Inc. announced Monday that it would be taking its business to Seoul, South Korea’s capital city. The company signed a memorandum of understanding with the city, affirming its plans to expand operations there and work to promote Seoul’s Yeouido International Financial District as an Asian financial hub.

Dividend Recaps Done by the Numbers

Dividend recaps come down to number-crunching.

Hyped Sci-Fi Shooter Misses Target for Publisher

VIDEO GAMES: Activision shares fall despite ‘Destiny’ setting sales record.

Activision Blizzard’s shares slide after “Destiny” title shoots wide of hoped-for first-day sales.

Smart & Final IPO Set for Next Week

Commerce warehouse retailer Smart & Final Stores Inc., which filed for an IPO in June, will begin trading Wednesday according to Reuters PEHub. The company will offer about 13.5 million shares, priced between $12 and $14. At the midpoint of that range, the IPO would raise about $175 million and value Smart & Final at about $925 million.

Freight Forwarder’s Shares Advance on Wall Street

SHIPPING: UTi’s new IT system wins over investors despite poor quarter.

UTi’s new IT system helps the freight forwarder make up ground with investors.

More stories