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

VICA Conference Features Economic Forecast

The Valley Industry Commerce Association presented its annual economic forecast Friday at the Hilton Los Angeles in Universal City.

BankCard USA Relocating to Westlake Village

BankCard USA Merchant Services in Agoura Hills will relocate to Westlake Village early next year, according to Westcord Commercial Real Estate Services in Westlake Village.

Preview: Retirement Funds Feature Bitcoin

Metal seller Goldco turns to virtual currencies.

Woodland Hills Collection Agency Relocates

Caine & Weiner Inc., an accounts receivables and collections service in Woodland Hills, will move its national headquarters to San Fernando, according to CBRE Group Inc.

Pacoima Credit Union Launches Microloan Program

Back from the brink of closure, the Pacoima Development Federal Credit Union has launched a new microloan program for entrepreneurs and small businesses located in Pacoima and the San Fernando Valley.

Sierra Bancorp Buys Ojai Bank

Sierra Bancorp has completed its acquisition of OCB Bancorp, parent of Ojai Community Bank, in a deal valued at $36 million.

Report: Slow Job Growth in Region

Job growth in Los Angeles slowed last year, according to a report from Beacon Economics.

Valley Economic Alliance Sponsors Credit Union

The northeast San Fernando Valley’s only credit union has been saved from closure by a sponsorship from the Valley Economic Alliance, a nonprofit based in Sherman Oaks.

Forecast: Economic Growth Slowing in California

A chokehold on housing development threatens to knock California from its position as a national leader for economic growth, according to a report published Thursday by the Center for Economic Research and Forecasting at California Lutheran University.

L.A. County Unemployment Rises to 4.8 Percent

L.A. County’s unemployment rate rose to 4.8 percent in August from a historic low of 4.5 percent in July as more people hunted for work while the region’s job creation slowed.

Former Toyota, BMW Execs Join NetSol Advisory Board

NetSol Technologies Inc. has appointed former Toyota Leasing executive Henry Tolentino and former BMW executive Georg Bauer to its advisory board, the company announced Thursday.

Forecast Focuses on Housing Shortage

Los Angeles and Ventura counties lag in meeting the state’s housing demands, and they better catch up or the state may intervene, economist Mark Schniepp said at the annual conference on the health of Ventura and the neighboring county.

AFEX Enables Money Transfers to India

AFEX has partnered with Oxigen USA to provide money transfers to U.S. businesses operating in India, the companies announced.

Disney Funds Musicals in Schools

Walt Disney Co. has awarded Los Angeles Music Center resident company Center Theatre Group a $100,000 grant to bring the Disney Musicals in Schools program to the Los Angeles area.

L.A. County Unemployment Inches Up

The unemployment rate in Los Angeles County inched up to 4.5 percent in July from a revised 4.4 percent in June, the state Employment Development Department reported Friday.

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