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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
Cannabis Businesses Back Ballot Initiatives
Cannabis is on the ballot in six Los Angeles-area cities this November.
LA Consumer Confidence Remains Near Record Low
Consumer confidence in Los Angeles County during the third quarter hovered near the record low set during the second quarter, according to a survey released last week to the Business Journal.
Pontifax AgTech Closes $302 Million Fund
Sawtelle-based Pontifax AgTech Management has wrapped a $302 million investment fund, riding the technology wave sweeping the food and agriculture sector.
Gender Parity Remains a Work in Progress for LA Businesses
Gender diversity is one of the most intractable issues in the global economy.
L.A. County Unemployment Rate Fell to 15.1% in September
L.A. County’s unemployment rate declined to 15.1% in September from a revised 16.4% in August.
Wave of Bankruptcies Washes Over LA Businesses
Impresa Aerospace is the latest of more than a half-dozen large companies in Los Angeles County that have filed for bankruptcy this year.
MediaAlpha Files for $100 Million IPO
Downtown-based insurance marketing company MediaAlpha Inc. plans to raise $100 million in an initial public offering, according to a preliminary prospectus filed with the Securities and Exchange Commission.
Telehealth Platform TigerConnect Raises $45 Million
Santa Monica-based telehealth platform TigerConnect Inc. has raised $45 million in Series D funding.
PE Firm Corridor Capital Looks Toward Tech-Enabled Businesses
Despite its sometimes opaque and immutable image, private equity is a constantly evolving field.
Wilshire Associates Founder Tito to Retire After Acquisition
Santa Monica-based technology and advisory company Wilshire Associates Inc. has agreed to be acquired by two New York-based private equity firms
EP Wealth Acquires $1 Billion Management Firm
EP Wealth Advisors, a Torrance-based registered investment adviser, or RIA, has acquired Salt Lake City-based Insight Group Inc. and Financial Insight Center.
Cathay Names Liu as CEO
Chang Liu has officially assumed the role of chief executive at Cathay General Bancorp, effective Oct. 1. The Chinatown-based bank’s new leader replaces Pin Tai, who had held the CEO role since 2016.
PE Firms to Acquire Wilshire Associates
Santa Monica-based technology and advisory company Wilshire Associates has agreed to be acquired by two private equity firms.
Liquid Death Raises Additional $23 Million
Santa Monica-based canned water company Liquid Death has raised $23 million in Series B funding.
Hawke, Wayflyer Team for Financing Unit
Agreement allows Hawke Media to launch Hawke Capital.
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