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

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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Calabasas Real Estate Developer Indicted in Bankruptcy Fraud Case

A Calabasas-based real estate developer has been indicted for bankruptcy fraud and concealing money from creditors in shell companies, according to the Department of Justice.

Matthew Luchs Named COO at Marcus & Millichap’s Brandon Michaels Group in Encino

Calabasas-based real estate brokerage Marcus & Millichap Inc. has announced that Matthew Luchs has joined its Brandon Michaels Group as chief operating officer.

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BlackLine Promotes Chief Revenue Officer

BlackLine Inc. has promoted Mark Woodhams to chief revenue officer, effective at the start of the new year.

State Small Business Fund Opens for Grant Applications

The state of California’s $500 million Small Business COVID-19 Relief Grant Program has opened its first round of applications

Sterling Healthcare Acquires Negotiator

Sterling Healthcare Logistics in Calabasas has acquired ABS Vaccines, which operates as a contract negotiator between health care providers and drug manufacturers or vendors.

Federal Stimulus Package Reopens PPP

Leaders of the U.S. Senate on Sunday announced a deal with the House of Representatives to pass a $900 billion economic stimulus package.

Executives Promoted at PennyMac Financial

PennyMac Financial Services Inc. has announced two promotions within its executive ranks, effective Jan. 1.

Westlake Village BioPartners Debuts Funds With $500 Million

Westlake Village BioPartners has announced two new funds totaling $500 million to invest in life science startups and construct lab facilities for them.

Farmers Insurance Buys MetLife Auto & Home

A subsidiary of insurance carrier Farmers Group Inc. will acquire MetLife Auto & Home, the property and casualty division of MetLife Inc.

Preview: Deal-Making in 2020

Valley companies grapple for position to profit in pandemic's aftermath.

Seven Valley Residents Charged in Money Laundering Scheme

The FBI arrested seven Valley residents for their alleged participation in a money laundering operation that obtained more than $30 million through fraudulent tax returns and other schemes.

Insperity to Open Woodland Hills Office

Human resources provider Insperity Inc. has opened a sales office in Woodland Hills.

Valley Companies Benefit From Vaccine Rally on Wall Street

The stock market hit record highs Monday due to pharmaceutical companies reporting a breakthrough in a coronavirus vaccine.

Ventura County Economy Faces Slow Recovery

Upshot of the annual California Lutheran University economic forecast for Ventura County by economist Mathew Fienup.

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