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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
Brentwood Associates Invests in Service Management Group
Sawtelle-based private equity firm Brentwood Associates has made a strategic investment in Kansas City, Mo.-based Service Management Group, a software developer involved in management experiences.
Green Dot Halts Republic Bank Tax Business Acquisition
Republic Bancorp Inc.’s Republic Bank & Trust has filed a lawsuit against Green Dot Corp. for breaking its agreement to buy the Kentucky bank’s tax refund processing business for $165 million.
Bank of America Plans Expansion in LA Market
2021 Largest Employers Special Report
Bank of America is the largest commercial bank operating in Los Angeles County.
Clippers Ink $300 Million Sponsorship Deal With Aspiration
The Los Angeles Clippers have agreed to a $300 million, 23-year sponsorship deal with Aspiration Partners Inc., a Marina del Rey-based financial technology company, according to a source familiar with the terms.
Gores Group SPAC Agrees to IPO With EV-Maker Polestar
A blank check firm backed by Beverly Hills billionaire Alec Gores has agreed to go public with Swedish electric carmaker Polestar, which also counts Hollywood actor Leonardo DiCaprio among its investors.
Tinder Co-Founder Raises $247.5 Million for VC Fund
Tinder co-founder Justin Mateen has raised $247.5 million for a new venture capital fund he’s launching from his recently acquired Bel Air estate address.
Nolan Capital Acquires Paramount Water Treatment Contractor Apollo Technologies
Hermosa Beach-based Nolan Capital Inc., the family office of prominent private equity executive Peter Nolan, announced last week it has acquired Paramount-based water treatment services contractor Apollo Technologies Inc. for an undisclosed sum.
Leonard Green-Backed Life Time Files for IPO
Leonard Green could raise up to $93.3 million in the IPO.
When Scammers Go Phishing, They Hope to Reel In You and Your Business Data
There’s an old expression: “fishing for information.” It means that a person is trying to pry information from you indirectly. In today’s world, that old saying has been updated and modified.
Competition, Consolidation Heats Up Among Wealth Advisors
It’s turning out to be a battle extraordinaire in Los Angeles as advisers to the super rich are consolidating their industry.
Levine Leichtman Raises $1.4 Billion Fund
Leichtman Capital Partners closed on an oversubscribed fund with $1.38 billion in capital commitments to help fuel acquisitions of medium-sized businesses.
Valley National Bancorp Buys Bank Leumi USA
Valley National and Bank Leumi will have a combined $1.1 billion in assets in Los Angeles County.
US Bancorp to Buy Union Bank in $8 Billion Deal
The deal creates a behemoth banking operation in Los Angeles County.
Diversis Reaches Milestone $1 Billion Assets Under Management
Diversis Capital Management in now part of an exclusive club of Los Angeles firms with assets under management of more than $1 billion.
Fika Ventures Raises $195 Million for Tech Investments
Fika Ventures will direct the funds toward seed investments in software, fintech, marketplaces and health care IT.
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