Pat Maio

Reporter (Finance)

Email: pmaio@labusinessjournal.com
Phone: 323-556-8329

Recent Stories

K-Town’s Hanmi Delays 2Q Financial Reporting Over Loan Loss Issues

Hanmi Financial Corp., parent of the $5.5 billion-in-asset Hanmi Bank, is delaying the release of its 2019 second quarter financial statement in order to review loan losses related to a “single credit relationship.”

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Banks Post Mixed Results

Finance: Interest rate cuts could increase profitability

Hope Bancorp, PacWest Bancorp and Preferred Bank report earnings.

Oaktree Capital Forms New Blank Check Company, Aims to Raise $175M

Downtown-based global asset management firm Oaktree Capital Group formed a “blank check company” that plans to raise $175 million. The company began trading July 18.

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East West Bank Sees Income Taxes Triple in 2Q, Profit Down 13%

Pasadena-based East West Bancorp, the largest independent bank headquartered in Southern California, saw profits fall 13% to $150 million in its second quarter compared to the same year-ago period.

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Fifth Wall Raises $500 Million Fund to Invest in Tech for Real Estate Industry

Venice-based Fifth Wall Ventures has raised more than a half-billion dollars for a new fund, among the largest raised in Los Angeles.

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Capricor Stock Rises on Positive Results of Muscular Dystrophy Treatment

Capricor Therapeutics Inc., a Beverly Hills-based biotechnology company working on a cell-based therapy to improve the lives of boys diagnosed with a devastating form of muscular dystrophy, reported promising early findings of a clinical trial involving 20 patients.

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B. Riley Financial Names Former Rep. Mimi Walters to Board

Woodland Hills-based financial services firm B. Riley Financial Inc. named former Republican Rep. Mimi Walters from Orange County to its nine-member board.

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Beverly Hills PE Firm Regent Buys French Cycling Company Mavic

Beverly Hills-based private equity firm Regent has purchased French cycling company Mavic from Amer Sports, a Finnish-based headquartered sporting goods company.

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Nonprofit Execs See Significant Pay Gap

COMPENSATION: Arts leaders pull in top dollars

COMPENSATION: Arts leaders pull in top dollars

FRONT ROW SEAT

Backstage Capital’s Hamilton targets startup founders with diverse backgrounds

Backstage Capital’s Hamilton targets startup founders with diverse backgrounds

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