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

Wells Fargo’s Top Valley Exec Leaves Bank

Patrick Nygren, the former regional president in the San Fernando Valley for Wells Fargo Bank, has left the company.

Former Deloitte Advisory CEO Joins BlackLine Board

BlackLine Inc. has named Owen Ryan to its board of directors effective this month to contribute his expertise on the company’s next phase of growth.

B. Riley Subsidiary Negotiates South Coast Acura Sale

GlassRatner, a subsidiary of B. Riley Financial Inc. in Woodland Hills, announced Thursday that it advised Coast Mesa car dealer Orange Coast Auto Group in its acquisition of Costa Mesa-based South Coast Acura.

Americas United Bank Acquired

The Bank of Southern California, based in San Diego, has completed its previously announced acquisition of Americas United Bank in Glendale.

Cherokee Stock Doubles After Refinancing

Shares of Cherokee Inc. shot up more than 100 percent Monday after the Sherman Oaks-based apparel licensing company announced it has refinanced its debt with a $40 million-dollar loan.

Earnings: Teledyne, BlackLine, Wesco

Teledyne Technologies, BlackLine and Wesco Aircraft all beat analyst expectations for the second quarter.

iPayment to Lay Off 30 in Westlake Village

Credit card payment services provider iPayment Holdings Inc. will lay off 30 employees from its Westlake Village headquarters in September, according to the company and the state Employment Development Department.

Stars of the Valley Award Honorees Announced

Former Los Angeles Laker superstar Derek Fisher, Maria’s Italian Kitchen founder Madelyn Alfano and the autism-animation nonprofit Exceptional Minds are among the honorees at the 21st annual 2018 Stars of the Valley Awards in September.

Mission Valley Bank Earnings Dip in 2018

Mission Valley Bancorp announced earnings for the first half of 2018 of $2.17 million, a slight decrease from the $2.21 million posted last year.

L.A. County Unemployment Rises to 4.5 Percent

L.A. County’s unemployment rate edged up to 4.5 percent in June as more county residents were looking for work, according to state figures released Friday.

LTC Buys Two Senior Living Communities

LTC Properties Inc. in Westlake Village has purchased two senior living communities in Texas in a $25.2 million sale-leaseback acquisition.

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Chatsworth Residents Sentenced for $20 Million Mortgage Fraud

Three Chatsworth residents who owned or managed foreclosure rescue companies were sentenced Monday for their roles in a mortgage fraud, the Department of Justice announced.

L.A.'s Annual Inflation Rate Drops

The local inflation rate dipped to 4 percent year-over-year in June as gas and food prices slipped slightly in recent weeks, according to federal data released July 12.

B. Riley Financial Names Co-Chief Executive

B. Riley Financial Inc. has made new appointments to key executive positions including co-chief executive, the Woodland Hills financial services firm has announced.

NetSol Signs Asian Auto Finance Client

NetSol Technologies Inc. signed an agreement to provide its software to a leading Asian auto captive finance company.

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