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Recent and archived news stories on: banks, credit unions, mortgage lenders, SBA lenders, stocks/bonds, venture capital, wealth management, investment banks, factors, money managers, economic news and financial sector news

The Private Company Guide to Effective Internal Controls

CUSTOM CONTENT

Deloitte’s three-part series explores the potential benefits your company can derive from risk assessment, effective internal control design, and regular monitoring.

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L.A. County Unemployment Tops 12% in January

L.A. County’s unemployment rate for both December and January at 12.6%, with December’s rate being significantly higher than the 11% first reported six weeks ago.

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Eldridge Brings Broad Experience to Incubator, VC Fund

Taj Eldridge has had a wild ride, from entry-level positions to head of investments at the Los Angeles Cleantech Incubator and managing partner of a mission-driven venture fund.

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Abacus Buys Bay Area-Based Wealth Manager

Santa Monica-based wealth manager Abacus Wealth Partners has acquired San Francisco-based financial planner Robasciotti & Philipson.

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Small Business Loans: 8 Programs for LA Businesses

For local businesses, there are already plenty of pandemic loans and grants available for the taking, and there’s more on the way.

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Smash Ventures Launches Late-Stage Fund

A new firm has quietly made its way onto Los Angeles’ venture capital scene.

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Sloan Closes $1.7 Billion SPAC

Veteran investor Harry Sloan has closed a $1.7 billion special purpose acquisition company, or SPAC.

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Rocket Lab to Go Public in $4.1 Billion Merger

Rocket Lab USA Inc. has announced plans to go public in a reverse-merger with a special purpose acquisition company, or SPAC, at a $4.1 billion valuation.

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Businessperson of the Year: Alec Gores Still Leads the SPAC Pack

Alec Gores, founder of The Gores Group and leader in the SPAC space, is the Los Angeles Business Journal’s 2021 Businessperson of the Year.

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Red 6 Raises $7 Million for AR Combat Training

Santa Monica-based Red 6 has raised $7 million for augmented reality technology to train fighter pilots.

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Ceres Sets $1.9 Billion Cannabis SPAC Deal

A special purpose acquisition company, or SPAC, backed by Century City-based private equity firm Ceres Group Holdings has struck a $1.9 billion deal with a multistate cannabis company.

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Spring Labs Looks to Reboot Credit Ratings Infrastructure

Springcoin Inc., which does business as Spring Labs, is a relatively small company, but it has historic ambitions.

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Sandbridge Strikes $1 Billion SPAC With Baby Care Company

A special purpose acquisition corporation backed by Sawtelle-based private equity firm Sandbridge Capital has announced plans to merge with baby care technology company Owlet Baby Care Inc.

Assembled Brands Closes $50 Million Facility

West Hollywood-based Assembled Brands Capital has partnered with downtown-based Oaktree Capital Management.

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TCG Leads $40 Million Collectibles Marketplace Investment

Playa Vista-based investment firm Chernin Group has led a $40 million funding round in New Jersey-based collectibles marketplace Goldin Auctions.

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