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

US Bancorp to Buy Union Bank for $8 Billion

U.S. Bancorp, parent of US Bank, will acquire MUFG Union Bank for about $8 billion, the companies announced.

Earthquake Rattles Residents, But Results in No Damage

An earthquake just outside of Thousand Oaks rattled residents but didn’t produce any reported damage or disruption to businesses.

NewMark Merrill Hires New Controller, Creates Director of Finance Position

NewMark Merrill Cos., a Woodland Hills-based retail center owner, announced Wednesday the hiring of a new controller and the creation of a new director of finance position.

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Unico Insurance Reviews Strategic Alternatives

The board of Unico American Corp. has authorized a review of strategic alternatives for the company aimed at enhancing shareholder value.

Affordable Housing Financier Alliant Capital Acquired for $696 Million

Alliant Capital Ltd., and its affiliates Alliant Strategic Investments and ADC Communities, have been acquired by Walker & Dunlop Inc. for $696 million.

Cal State Northridge to Establish Equity Innovation Hub

The California State University (CSU) system announced a partnership with Apple Inc. and California Gov. Gavin Newsom to launch a Global Hispanic Serving Institution Equity Innovation Hub at California State University – Northridge.

Delta Variant the ‘New Villain’ in L.A. County’s Recovery, Per LAEDC Report

The L.A. regional economy continued a slow recovery last month as spread of the COVID-19 Delta variant gave rise to concerns about further business restrictions.

LegalZoom Teams With Defy Ventures for Formerly Incarcerated

Glendale-based LegalZoom.com Inc. has formed a partnership with Defy Ventures to support the nonprofit organization’s mission to train formerly incarcerated people to become entrepreneurs.

Children’s Finance Startup UNest Makes Acquisition

Fintech startup UNest has acquired Kidfund, a savings app that helps parents save money for their children and teach good financial habits.

Banker Arrested for Murder in Reseda

A Bank of America executive was arrested and charged with murder in the death of a 48-year-old woman in Reseda.

Earnings Reports: BlackLine, Dine Brands, CRC

BlackLine Inc., Dine Brands Global Inc. and California Resources Corp. report second-quarter financial results.

Westlake Village Home Sales Company to Go Public

Everhome Realty Inc., a Westlake Village-based real estate technology company that helps homeowners sell their properties, plans to go public through a Special Purpose Acquisition Company.

Encino Man Arrested for Alleged $27 Million PPP Fraud

Robert Benlevi of Encino, was arrested for money laundering, bank fraud and false statements on loan applications for Paycheck Protection Program funds.

FloQast Raises $110 Million in Financing Round

FloQast has raised $110 million in a Series D funding round, led by Meritech Capital, a Palo Alto venture investment firm.

BlackLine Partnership to Facilitate Bank Connectivity

BlackLine Inc. has partnered with a San Diego cloud-based finance and IT provider to streamline the digitalization of financial operations at client companies.

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