Reporter Richard Clough covers banking and finance industry for the Los Angeles Business Journal. Prior to joining the Business Journal, he covered politics from the Washington bureau of the Chicago Tribune. He graduated from UCLA in spring of 2006 with a degree in history. He joined the Business Journal in January 2007.
Every other week, the Banking and Finance column keeps up with the banking and finance industry industry in Los Angeles.
Rick can be reached at 323-549-5225, ext. 251 or by email: rclough@labusinessjournal.com.
Recent Stories
New Parent to Close West L.A. Office of Online Bank
Capital One to shutter ING Direct, end indirect mortgage loans.
Three months after it received regulatory approval to buy ING Direct USA, Capital One Financial Corp. confirmed that it plans to close the online bank’s West L.A. office and lay off about 280 employees.
Downtown L.A. Bank Invests in Diverse Pickups
City National buys equipment lease and wealth management firms.
Acquisitive City National branches out with equipment leasing and wealth management pickups.
Credit Union Aims to Get Handle on More Members
BANKING & FINANCE: Lockheed hopes new name will help draw customers.
Say goodbye to Lockheed Federal Credit Union and hello to … something else.
Investor Still Game For Toymaker Deal
But Oaktree has harsh words for Jakks board.
Asset management firm Oaktree puts on its game face in pursuit of toymaker Jakks.
Firm Reorganizes, Names Chief Financial Officer
Banking & Finance: SunAmerica network changes designed to streamline business.
SunAmerica Financial Group Inc., a life insurance and retirement services company headquartered in Woodland Hills, announced a series of moves last week designed to streamline its business and bolster management.
Grace Period Over for Cash-Strapped L.A. Churches
Bank foreclosures on track for record high in county.
Banks are foreclosing in record numbers on financially struggling L.A. churches.
Hana Won't Buy Majority Stake in Saehan
Just two months after Saehan Bancorp agreed to sell a majority stake to a South Korean financial firm, the two sides have called off the deal.
New CEO at Kinecta Federal Credit Union
Following the cancellation of a previously planned merger, Kinecta Federal Credit Union has appointed a new chief executive.
Keeper of the Einstein Rights
Page 3
When attorney Steven E. Bledsoe was growing up, he generally got good grades but he was no science whiz.
Failed Credit Union May Trip Bid to Lift Business Loan Cap
Collapse of Telesis could undercut other credit unions’ push to raise cap on business loans.
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