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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

L.A. County Unemployment Rises to 4.5 Percent

L.A. County’s unemployment rate edged up to 4.5 percent in June as more county residents were looking for work, according to state figures released Friday.

LTC Buys Two Senior Living Communities

LTC Properties Inc. in Westlake Village has purchased two senior living communities in Texas in a $25.2 million sale-leaseback acquisition.

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Chatsworth Residents Sentenced for $20 Million Mortgage Fraud

Three Chatsworth residents who owned or managed foreclosure rescue companies were sentenced Monday for their roles in a mortgage fraud, the Department of Justice announced.

L.A.'s Annual Inflation Rate Drops

The local inflation rate dipped to 4 percent year-over-year in June as gas and food prices slipped slightly in recent weeks, according to federal data released July 12.

B. Riley Financial Names Co-Chief Executive

B. Riley Financial Inc. has made new appointments to key executive positions including co-chief executive, the Woodland Hills financial services firm has announced.

NetSol Signs Asian Auto Finance Client

NetSol Technologies Inc. signed an agreement to provide its software to a leading Asian auto captive finance company.

VICA Adds Names to Hall of Fame

Business and civic leaders came together at the Universal Sheraton in Universal City on Thursday as the Valley Industrial & Commerce Association held its Hall of Fame Awards, where Woodland Hills-launched insurer Health Net, Kirsch Kohn & Bridge in Woodland Hills, Laurence School of Valley Glen, Encino’s Tapia Bros. Fresh Producer and Traders Loan & Jewelry of Reseda were honored.

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Economist’s Mid-Year Assessment of Valley Region

It’s the midpoint of 2018, so the Business Journal decided to check in with California Economic Forecast Executive Director Mark Schniepp to see how 2018 is progressing.

B. Riley Financial to Rebrand Subsidiary as B. Riley Wealth Management

B. Riley Financial Inc. announced Tuesday that its subsidiary, stock brokerage and investment advisory Wunderlich Securities Inc., will change its name to B. Riley Wealth Management Inc.

Economic Forecast: Grim Reality for Ventura County

California Lutheran University Center of Economic Research Executive Director Matthew Fienup on Friday gave an overview of Ventura County’s regional economy in “stark contrast” to the robust growth in neighboring San Fernando Valley.

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B. Riley Participates in $1.4 Billion Rent-A-Center Acquisition

B. Riley Financial Inc. has partnered with Vintage Capital Management to acquire Rent-A-Center Inc, the Woodland Hills financial firm announced Monday.

Farmers Insurance Names Chief Claims Officer

Farmers Insurance has promoted Rob Howard to the position of chief claims officer, effective June 11.

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Modest Job Gains in L.A. County for April

L.A. County’s unemployment rate remained steady at 4.4 percent in May as the local economy hovers near full employment, according to state figures released Friday.

Business Journal Honors CFOs, HR Professionals

The Valley region’s financial professionals gathered at the Hilton Woodland Hills on Wednesday for the Business Journal’s annual Chief Financial Officer and Human Resources Awards ceremony.

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NetSol Expands Board

Shareholders of NetSol Technologies Inc. elected two new members to the board of directors at the company’s annual meeting on Tuesday.

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