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

Valley’s SRG Merges into Squar Milner Accounting Firm

Squar Milner, one of the largest independent accounting firms in California, announced Friday that it will be combining with Woodland Hills-based SRG, making Squar Milner the third largest accounting firm in the San Fernando Valley area.

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Economist Recommends Housing to Correct Ailing Ventura County Economy

Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University, shared his annual breakdown of the dynamics affecting the economy on the national, state and Ventura County levels.

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Santa Clarita Bank Proposes Stock Split

The Bank of Santa Clarita on Thursday announced a proposed three-for-two stock split of its common stock.

Earnings: NetSol Technologies, Interlink Electronics

NetSol Technologies Inc. missed Wall Street expectations, while Interlink Electronics Inc. saw an increase in revenue and earnings in the third quarter.

Preview: Fastest Growing Private Companies

The Business Journal’s Fastest Growing list represents the diversity of the Valley economy.

Bankruptcy Judge Approves Barney’s Sale to Authentic Brands, B. Riley

A bankruptcy judge has approved the sale of the Barney’s chain of fashion stores to Authentic Brands Group and its financial partner B. Riley Financial in Woodland Hills.

Easy Fire Forces Power Cuts, Threatens Reagan Library

Southern California Edison cut electricity for nearly 23,000 customers in Ventura County Wednesday as a precautionary measure against the Easy Fire.

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Business Journal Honors Fastest Growth Companies

The Business Journal honored the 50 Fastest Growing Private Companies in the Valley region on Tuesday, with Encino-based Caulipower Inc. named as the top company on the annual list.

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B. Riley Launches Fashion Brand Portfolio

B. Riley Financial Inc. on Wednesday announced it has established a nearly $117 million investment portfolio for fashion brands.

Economists Forecast Solid But Softening 2020 at VICA Conference

The news was muted yet hopeful from the Business Forecast Conference presented by Valley Industry & Commerce Association Friday morning at the Universal Hilton in Universal City.

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SoCal Edison Cuts Power for 4,300 Customers

In its latest bout of weather-related public safety power shutoffs, Southern California Edison on Thursday cut electricity to more than 4,300 customers in Los Angeles and Ventura counties.

September Unemployment Steady in L.A. County

L.A. County’s unemployment rate was unchanged at 4.4 percent in September as education-related hiring offset declines in several other sectors.

Westlake Village Startup Makes Pepperdine’s List of Most Fundable Companies

Westlake Village’s Giftz was among the 15 most fundable companies, as ranked by the Graziadio Business School at Pepperdine University in Malibu.

Woodbridge’s Shapiro Sentenced for $1.3 Billion Ponzi Scheme

Robert Shapiro of Sherman Oaks was sentenced Tuesday to 25 years in prison after pleading guilty to conspiracy and tax evasion charges related to his orchestration of a $1.3 billion investment fraud scheme.

Credit Unions Call Off Merger

Pasadena’s LA Financial Federal Credit Union and Ventura County Credit Union called off a proposed merger following “many discussions and much due diligence.”

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