SFV FINANCE

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

L.A. County's Record High Unemployment

Job losses in hospitality, retail sectors drive down average.

Preview: Turbulent Markets

Investment advisors talk about the meltdown of 2020.

Poms & Associates Rebrands with TV Ads

While most businesses have focused solely on surviving COVID-19, insurance brokerage Poms & Associates has launched a rebranding campaign.

Valley Economic Alliance Receives Wells Fargo Grant for Business Support

The Valley Economic Alliance has received a grant of $65,000 from Wells Fargo.

Earnings: NetSol Technologies, Velocity Financial

NetSol beat earnings estimates while Velocity missed in its first quarter as a public company.

District 12 Angel Fund Announces First Loan Recipient

L.A. City Council member John Lee announced Thursday that Chatsworth’s San Carlo Deli is the first loan recipient from the Council District 12 Small Business Angel Fund.

Greater San Fernando Chamber Joins Recovery Fund Coalition

The Greater San Fernando Valley Chamber of Commerce announced Monday it has joined America’s Recovery Fund Coalition, an alliance of more than 100 trade associations and business organizations advocating for a grant-based federal assistance program for businesses.

Newsom Outlines Broad Plan to Resume Work

Gov. Gavin Newsom on Tuesday outlined a cautious plan to reopen the virtually shuttered California economy in phases in the coming weeks as COVID-19 cases stabilize.

Mission Valley’s Earnings Up

Mission Valley Bancorp on Tuesday announced that its first quarter net income of $816,000, or 25 cents a diluted share, was up more than 16 percent from the same quarter last year.

Preview: Loan Bonanza

Emergency program uses SBA lending process.

L.A. County, Goldman Sachs Open Loan Portal

The County of Los Angeles has launched an online portal in partnership with Goldman Sachs where small businesses affected by COVID-19 can apply for forgivable SBA loans.

CERF Economists Predict GDP Drop of 50 Percent

As the economy continues to deteriorate, local experts have revised their predictions for GDP in the second quarter – and the outlook is even worse than they earlier expected.

Preview: Coping Strategies Special Report

How Valley industries adapt to virus.

Preview: Work@Home Experiment

New routines as health crisis shuts down offices and factories.

PCF Insurance in Woodland Hills Acquired

PCF Insurance Services in Woodland Hills has been acquired by HGGC, a middle-market private equity firm in Palo Alto.

Prev