Greycroft has had a standout year amid some of the greatest economic turmoil in decades.
Although 2020 has not been an easy year for any business, it hasn’t stopped Chinatown-based Cathay General Bancorp from charging forward with new beginnings and long-term goals.
The rate of bank account ownership remains low in Los Angeles relative to the rest of the country, according to the most recent report by the Federal Deposit Insurance Corp. on unbanked Americans.
Richard Raffetto has spent just over 100 days as president of downtown-based City National Bank.
Swell Energy Inc. has partnered with Century City-based asset manager Ares Management Corp. and sustainability-focused asset manager Aligned Climate Capital to create a $450 million financing vehicle.
Downtown-based fintech Perch Credit Inc. has raised $2.5 million in seed funding.
L.A. County’s unemployment rate fell to 11% in November from a revised 12% in October amid seasonal hiring gains in retail and logistics.
Beverly Hills-based Live Nation plans to sell $500 million worth of secured senior notes in a private offering.
Downtown-based Oaktree Capital Management has invested $100 million in oil and gas investment company BKV Corp.
Beverly Hills-based Platinum Equity has announced plans to acquire Irvine-based Ingram Micro Inc. in a deal valued at $7.2 billion.
Orca Security Ltd., a cybersecurity company focused on cloud computing systems, has raised $55 million in a Series B funding round.
Oblong Inc., a downtown-based remote meeting equipment business, has raised $5 million in PIPE investment.
Harry Sloan has had an impressive, if eclectic, career.
Downtown-based real estate investment firm Colony Capital Inc. has closed the sale of its 51% ownership stake in a $400 million industrial bulk distribution portfolio.
As the oldest multifamily office on the West Coast, Whittier Trust Co. has seen its share of economic turbulence.