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

‘Seasoned Bandit’ Sentenced for Santa Clarita Bank Robberies

For a 2017 string of bank robberies in the Santa Clarita Valley and elsewhere, the man called the “Seasoned Bandit” by law enforcement was sentenced March 15 for allegedly stealing a combined $39,424 from 11 banks.

Earnings: Qualstar, Interlink, Sienna Biopharmaceuticals

Qualstar Corp. shares jump 25 percent after the company reports fourth-quarter revenue gains.

L.A. County Unemployment Edges Higher

L.A. County’s unemployment rate edged back up to 4.5 percent in January from 4.4 percent in December as local employers shed holiday season workers.

Earnings: Marcus & Millichap, Limoneira

Marcus & Millichap reports higher annual revenues, while Limoniera benefits from tax reform.

Acquisitions Contribute to B. Riley Revenue Gains

Acquisitions set the stage for B. Riley Financial Inc. to deliver an 18 percent increase in the fourth quarter, the company announced Wednesday.

New CEO at Los Angeles Federal Credit Union

Richard Lie is the new president and chief executive of Los Angeles Federal Credit Union, the organization’s board announced Monday.

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PennyMac Adds Insider to Board

PennyMac Financial Services Inc. has named Anne McCallion, the company’s chief enterprise operations officer, to its board of directors, the company announced Tuesday.

Raymond James Names Former Disney, MGA Exec to Board

Former Walt Disney Co. executive Anne Gates will join the board of directors of Raymond James Financial, Inc., the financial services firm announced Friday.

B. Riley Names Head of Wealth Management Strategy

B. Riley Financial Inc. has named Chuck Hastings as director of wealth management strategic initiatives, the company announced Friday.

Community Bank Acquired for $878 Million

Ontario-based CVB Financial Corp. has agreed to buy Pasadena-based Community Bank for $878 million in cash and stock, the two bank institutions announced Monday.

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B. Riley Hires Institutional Investment Head

B. Riley FBR, an investment bank and subsidiary of B. Riley Financial Inc. in Woodland Hills, has hired Daniel Leland as head of Fixed Income Capital Markets, the company announced Thursday.

Jobs Forecast Predicts Modest Growth

Los Angeles County is expected to add about 48,000 jobs this year and 34,000 next year, making for a modest growth rate of around 1 percent, according to a forecast to be released Feb. 21 by the Los Angeles County Economic Development Corp.

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Job Fair for Veterans Attracts Hundreds

On Thursday, the Valley Economic Alliance hosted its 11th Annual Hero Hired Veteran Job and Resource Fair, a vocational event aimed at encouraging Valley-area employers to hire military veterans.

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BlackLine Exceeds Expectations in Q4

BlackLine Inc. beat Wall Street estimates on adjusted earnings and revenue in the fourth quarter.

Pepperdine, Venture Alliance Launch 'Fundable' Startup List

The Pepperdine Graziadio School of Business, in partnership with the Venture Alliance, is launching an initiative to better prepare startups for investment funding.