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

Red 6 Raises $7 Million for AR Combat Training

Santa Monica-based Red 6 has raised $7 million for augmented reality technology to train fighter pilots.

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Ceres Sets $1.9 Billion Cannabis SPAC Deal

A special purpose acquisition company, or SPAC, backed by Century City-based private equity firm Ceres Group Holdings has struck a $1.9 billion deal with a multistate cannabis company.

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Spring Labs Looks to Reboot Credit Ratings Infrastructure

Springcoin Inc., which does business as Spring Labs, is a relatively small company, but it has historic ambitions.

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Sandbridge Strikes $1 Billion SPAC With Baby Care Company

A special purpose acquisition corporation backed by Sawtelle-based private equity firm Sandbridge Capital has announced plans to merge with baby care technology company Owlet Baby Care Inc.

Assembled Brands Closes $50 Million Facility

West Hollywood-based Assembled Brands Capital has partnered with downtown-based Oaktree Capital Management.

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TCG Leads $40 Million Collectibles Marketplace Investment

Playa Vista-based investment firm Chernin Group has led a $40 million funding round in New Jersey-based collectibles marketplace Goldin Auctions.

Navyz Delivers Trusted Point-of-Sale Services for Asian Businesses

Torrance-based Creditcard Services Inc., which does business as Navyz, has been defined by decades of relatively quiet, steady growth.

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Westlake, Nowcom Create Fintech Company

Westlake Technology Holdings and sister company Nowcom Corp. have joined to create NowLake Technology.

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Fifth Wall Raises $345 Million SPAC

Marina del Rey-based Fifth Wall Ventures Management has raised a $345 million special purpose acquisition vehicle, or SPAC.

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22 Fund Founder Gray Breaks Barriers, Builds Businesses

Black Entrepreneurs Month Special Report

Tracy Gray is one of Los Angeles’ most unique entrepreneurs.

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How New PPP Round Will Help LA Businesses

Round two of the Paycheck Protection Program is in full swing, and it has undergone some major changes since its hurried and chaotic rollout last year.

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City National Launches Virtual Corporate Card

Downtown-based City National Bank has launched a virtual Visa corporate credit card in partnership with fintech startup Extend Enterprises Inc.

Largest Macerich Shareholder Sells Entire Stake

The largest shareholder in Santa Monica-based mall owner and investor Macerich Co. has shed its entire stake.

Lendistry Fills the Gap for Minority-Owned Businesses

Black Entrepreneurs Month Special Report

The state of California is set to deploy $475 million in Covid relief funding for small businesses, extending what could be a lifeline for many business owners.

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Magnite Makes $1.2 Billion Ad Tech Acquisition

Magnite Inc., a Playa Vista-based advertising technology company, has announced plans to acquire video advertising platform SpotX for $1.17 billion in cash and stock.

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