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

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.

Valley Chiropractor, Claims Adjuster Booked on Workers’ Comp Fraud Charges

A claims adjuster and a chiropractor in the San Fernando Valley were arrested on fraud charges after allegedly receiving more than $1.6 million in fake workers’ compensation payments.

Glendale Adds to Small Business Recovery Fund

The city of Glendale late Monday announced an additional $650,000 in funding to help small businesses recover from the effects of the COVID-19 pandemic.

Last Round of Grant Applications for L.A. Recovery Fund

The L.A. Regional COVID-19 Recovery Fund will accept its sixth and final round of small business grant applications this week.

L.A. County Unemployment Drops in September

Los Angeles County’s unemployment rate fell to 15.1 percent in September from a revised 16.4 percent in August.

Marcus & Millichap Buys Mission Capital

Calabasas real estate brokerage Marcus & Millichap Inc. has entered an agreement to acquire Mission Capital Advisors.

Cusumano Family Gives $1 Million to Boys & Girls Club in Burbank

The Cusumano family has donated $1 million to the Boys & Girls Club of Burbank and Greater East Valley to purchase a new clubhouse.

Westlake Village Firm Launches Venture Fund for Blockchain, Fintech Startups

Draper Goren Holm announced that it launched its first venture fund of $25 million to invest in fintech and blockchain startups.

Holly Schroeder to Lead L.A. County Workforce Development Board

Holly Schroeder, chief executive of the Santa Clarita Valley Economic Development Corp., has been named chair of the Los Angeles County Workforce Development Board.

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BlackLine Acquires Accounts Receivable Software Maker Rimilia

Woodland Hills accounting software developer BlackLine Inc. has acquired Rimilia, a U.K.-based platform that automates the accounts receivable process.

Burbank Credit Union Copes With Disney Layoffs

Partners Federal Credit Union has launched programs to help its members who face furloughs and layoffs from Walt Disney Co. in Burbank.

NetSol Reports Lower Revenue, Earnings

NetSol Technologies Inc. missed Wall Street estimates on revenue for the fiscal fourth quarter.