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Recent and archived news stories on: banks, credit unions, mortgage lenders, SBA lenders, stocks/bonds, venture capital, wealth management, investment banks, factors, money managers, economic news and financial sector news

Diversity Drivers

LA-based PE firms lead the way — and reap the rewards — with new approaches

Many private equity firms have come to embrace the notion that achieving ethnic diversity and gender balance is vital to their long-term competitiveness.

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2020 Private Equity Special Report

LA’s private equity firms are charting a new course in turbulent times

Our timely special report on L.A.’s private equity scene takes a close look at how some of the city’s top firms are acting and reacting now, and how they’re positioning themselves for the uncertain times ahead.

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Loaded for Bear

Private equity firms ready for the worst, look for the best during the market’s downturn

Private equity firms have been forced to rethink their strategies nearly overnight, searching for ways to survive — and thrive — amid the current market's uncertainty.

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City National Says No to Layoffs

Bank also plans $2 million donation

Downtown-based City National Bank has joined a host of global financial institutions in promising to avoid layoffs in the face of the coronavirus crisis.

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Green Dot Taps Henry as New CEO

Financial technology veteran will also join the board

Pasadena-based Green Dot Corp. has named Dan Henry chief executive and president.

Colony Capital Settles Dispute With Investor

Activist Blackwells agrees to support Barrack’s vision

Downtown-based real estate investment company Colony Capital Inc. and activist investor Blackwells Capital have reached a settlement.

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Mortgage Market on High Alert

Some contend coronavirus could drive up defaults

Ahead of passage of the federal government’s coronavirus rescue package last week, uncertainty roiled the commercial mortgage market.

VC Firms Lead Remote Push

Coronavirus transforms how LA works

Almost overnight, the coronavirus has transformed the way Angelenos work. For many in the VC space, though, keeping up “business as usual” has been relatively straightforward.

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Special Report: Banking & Finance Quarterly — Q1 2020

Read interviews with L.A.'s top banking professionals and access the latest data in the Los Angeles Business Journal's Banking & Finance Quarterly Special Report.

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Fast Starter

City National’s Kelly Coffey makes a good first-year impression

Under Kelly Coffey, who joined City National as chief executive in February 2019, the largest bank headquartered in Los Angeles has grown even larger.

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Pacific Rim Perspective

Menai and CTBC have a unique view of the region’s challenges — and opportunities

As the U.S. head of one of Taiwan’s largest banks, Noor Menai has unique insight into the local economic impact of major events like the trade war and the coronavirus outbreak.

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Auditboard Carves Out a Niche in Compliance

Company finds success as ‘Apple of audit software’

Auditboard Inc. has quietly built one of the country’s fastest-growing businesses in a sector famously unwilling to move fast and break things.

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LA Businesses Feeling Impact of Virus

Companies try to adjust amid disruptions

Across the Los Angeles region, events and industries such as hospitality, health care and logistics are starting to feel the squeeze from the new coronavirus.

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Fifth Wall Raises $100M Retail Fund

Investors include Macerich, Acadia Realty

Marina del Rey-based Fifth Wall Ventures Management has raised $100 million to help online brands grow offline.

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Brace Raises $10 Million for Mortgage Tech Platform

Software firm will use funds for development, expansion

Brace Software Inc., a Santa Monica-based mortgage technology startup, has raised $10 million in a Series A funding round.

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