James Cutchin

Staff Reporter

Email: jcutchin@labusinessjournal.com
Phone: 323-549-5225 Extension: 232

Recent Stories

Green Dot Earnings Top Estimates, Revenues Fall Short

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.

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Trinity Sells to Citizens Financial

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.

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Oaktree Capital Blazes a Trail in China

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.

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Brentwood Associates Acquires Parchment Inc.

PE firm buys academic company Parchment

Sawtelle-based private equity firm Brentwood Associates has completed its acquisition of digital academic credentials company Parchment Inc.

Union Bank Names New President

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.

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Helping Banks Up Their Game

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.

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ManifestSeven Continues Northern California Expansion

Commerce-based cannabis business ManifestSeven has acquired cannabis delivery service People’s Kush.

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East West Posts Record 2019 Revenue

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 Group Closes Its Biggest SPAC Yet

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.

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BMO Opens First Office in Los Angeles

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.

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