Pasadena-based Green Dot Corp. reported fourth-quarter earnings of $1.7 million, beating analyst estimates, even as earnings for the period dropped 75% year over year.
Dr. Betty will help drive innovation!
Dr. Uribe — a member of the Business Journal’s LA500 as one of the most influential people in the Los Angeles business community — will serve as a special advisor to Infogen Labs and plans to focus on her burgeoning Dr. Betty brand, which spans speaking engagements, consulting and philanthropic work.
Investment management company establishes distressed debt unit
Oaktree Capital Management has become the first foreign distressed debt company to set up a wholly owned unit in China under the Phase I U.S.-China trade deal.
Firm specializes in restaurant industry deals
Trinity Capital, a Brentwood-based boutique investment bank, will be acquired by Rhode Island-based Citizens Financial Group Inc.
Los Angeles County’s economy will continue to see modest growth in 2020, according to a forecast from the Los Angeles County Economic Development Corp.
Seibly asked to challenge global banks in region
Union Bank, the West Coast retail and commercial banking arm of MUFG Union Bank, has appointed Greg Seibly as president and head of regional banking.
PE firm buys academic company Parchment
Sawtelle-based private equity firm Brentwood Associates has completed its acquisition of digital academic credentials company Parchment Inc.
InvestCloud’s tech tools reach younger consumers
Many millennials are simultaneously bored and intimidated by finance. InvestCloud Inc. co-founder Yaela Shamberg is working to change that by building financial software that younger consumers actually want to use.
Gain comes despite decline in company’s annual net income
Pasadena-based East West Bancorp Inc. posted a company record $1.7 billion in revenue for 2019, beating analyst expectations.
Gores Holdings IV tops target with a $425 million IPO
Gores Group has raised its largest initial public offering yet for a special purpose acquisition company, or SPAC, yet.
Bank of Montreal unit will focus on commercial banking
BMO Harris Bank, the U.S. banking arm of one of Canada’s largest financial institutions, has opened its first office in Los Angeles.
Tourism, trade could be hurt by outbreak
As a central gateway between China and the United States, experts say L.A. stands to feel an outsized economic impact from the Wuhan coronavirus, the worst disease outbreak in Asia in nearly two decades.
Banks lean on tech companies to meet customer expectations
Banks the world over are increasingly being held to the same standards as internet giants and nimble fintech startups.
Private equity firm picks up Hong Kong-based SSG Capital Management
Ares Management Corp. will buy a controlling stake in Asian asset manager SSG Capital Management Ltd.
Private Equity: Big money is pouring into LA-based mega-funds
L.A. has seen two private equity raises of $10 billion or more in the last two months, reaffirming the city’s position as a global business center