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

California Resources Earnings Reflect ‘Fresh Start Accounting’

California Resources Corp. reported its fourth quarter earnings after emerging from Chapter 11 bankruptcy in October.

Three More People Arrested in $22 Million PPP Loan Scam

Federal authorities have charged three new defendants with participating in a scheme that allegedly submitted more than 150 fraudulent loan applications seeking nearly $22 million in COVID-19 relief funds.

Dole Prevails in Directors and Officers Liability Lawsuit

In an appeals case involving liability insurance for directors and officers, the Delaware Supreme Court ruled in favor of Dole Food Co.

CEO Change Doesn’t Impact Credit Rating at Crusader Insurance

A new chief executive at Calabasas-based Crusader Insurance won’t affect the company’s credit rating.

Small Business Survey Finds Resiliency During COVID-19 Impact

Ventura County’s Economic Development Collaborative, or EDC, in partnership with the California Small Business Development Center has conducted a statewide survey on COVID-19’s impact on California entrepreneurs.

Cal Lutheran Economists Win Bank of America Research Grant

The Bank for America Charitable Foundation has awarded California Lutheran University’s Center for Economic Research and Forecasting, or CERF, a $250,000 research grant to identify the total economic contribution of Hispanics by U.S. state.

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Preview: Black Entrepreneurs Month

Local Black business owners explain why they started a business.

Disney, BlackLine Beat Wall Street Estimates

Walt Disney Co. in Burbank and BlackLine Inc. in Woodland Hills exceeded expectations with their quarterly financial performance.

Velocity Financial Secures $375 Million in Credit

Velocity Financial Inc. has fresh money to make new mortgage loans.

SRAX Reconstitutes Microcap Index

SRAX Inc. has reconstituted its LD Micro Index, a fund comprising nearly 1,200 microcap companies in the U.S. and Canada.

PennyMac Exceeds Expectations in Fourth Quarter

PennyMac Financial Services Inc. beat Wall Street estimates on earnings and matched on revenue for the fourth quarter.

Preview: Black Entrepreneurs Month

Highlighting the Valley area's Black business builders.

Mission Valley Bank Reports Higher Income for Fourth Quarter

Mission Valley Bancorp increased its net income in the fourth quarter and its total assets for the full year.

L.A. County Launches Small Business Loan Program

The Los Angeles County Development Authority has launched a loan program to help small businesses survive the pandemic economy, according to the agency.

PennyMac’s Stanford Kurland Dies of COVID

Stanford Kurland, founder and chairman of Westlake Village mortgage brokerage PennyMac Financial Services Inc., has died from complications related to COVID-19, the company announced.

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