First-quarter earnings reports reflect steep increases in loan loss provisions
Local banks have yet to feel the financial squeeze the coronavirus pandemic has put on other industries, but they're preparing for it.
Second round puts focus on needs of smaller firms
Local lenders are gearing up for the next round of the Paycheck Protection Program.
Los Angeles County’s unemployment rate could surge to a record high 32% by May, according to an estimate released by the Los Angeles County Economic Development Corp.
Music payment platform provides advance funds
Many Los Angeles musicians and talent managers have had their finances upended by the coronavirus lockdown. Some are stepping up requests for advances on future revenue, which they can do through Stem's platform.
Water company will use $20M plan for deals, debt
Downtown-based water treatment company OriginClear Inc. has received the green light from regulators for its sale of roughly $20 million in preferred stock.
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.
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.
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.
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.
Financial technology veteran will also join the board
Pasadena-based Green Dot Corp. has named Dan Henry chief executive and president.
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.
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.
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.
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.
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.