Finance
36 storiesLos Angeles finance news: banking, markets, investing, wealth and the Southern California economy.
Los Angeles wants to open a bank. Critics say the risks could fall on taxpayers
Los Angeles City Council approved spending $460,000 to study the feasibility of launching a municipally owned bank. Proponents hope it could expand affordable lending for local…
Straight Arrow ·
Los Angeles Times | "A Butter Knife Against a Nuclear Arsenal:" Tech Billionaires Vastly Outspend Wealth Tax Supporters
Tech billionaires have poured far more money into opposing a proposed wealth tax than supporters have spent backing it, according to a new analysis. The imbalance highlights how…
Loyola Marymount University ·
Top 100 Lawyers
Los Angeles Business Journal is accepting nominations for its sixth annual Top 100 Lawyers list, set for April 2027. The program recognizes firm attorneys driving LA business…
Los Angeles Business Journal ·
Iconic diner that closed after 100 years in business makes comeback
The Original Pantry Cafe, a downtown Los Angeles landmark that closed after a century in business, is set to reopen with all restaurant profits funding local homelessness…
Fox Business ·
Banc of Cal Expands to Private Banking
Banc of California has launched a private banking division to serve high-net-worth individuals in Los Angeles. The $34 billion Brentwood-based bank, which spent 85 years focused…
Los Angeles Business Journal ·- Los Angeles Business Journal
LABJ Insider: AJC Honors Local Attorney
Local family law attorney Stacy Phillips received the Judge Learned Hand Award from the American Jewish Committee at a Skirball Cultural Center event. The honor was presented by…
Los Angeles Business Journal · 
Tutor Perini Nabs $315M Contract
Tutor Perini Corp., headquartered in Sylmar, secured a $315 million deal through its subsidiary to construct a new fuel pier for the U.S. Coast Guard in Kodiak, Alaska. The award…
Los Angeles Business Journal ·
Closure Set for Vincent Thomas Bridge
The Vincent Thomas Bridge linking San Pedro to Terminal Island will shut down next month for at least 16 months while crews replace its aging road deck. The 6,000-foot span,…
Los Angeles Business Journal ·
Reese Witherspoon Buys Back Hello Sunshine
Los Angeles Business Journal has a new report touching on money, deals and the regional economy in Los Angeles. According to the coverage, it involves Reese Witherspoon Buys and…
Los Angeles Business Journal ·
Pricey cookie vendor pulls out of some SoCal locations
Crumbl, known for its premium gourmet cookies, has shuttered nearly 60 stores across the country, with seven closures hitting California locations. The move reflects broader…
LA Times Business ·
Your Bank Wants to Cancel Your Subscriptions
ScribeUp, a Los Angeles fintech startup, secured $13 million in Series A funding to grow its AI-powered bill management platform. The round, led by Curql with Mucker Capital and…
dot.LA ·- KTLA
Minivan driver barrels through red light, plows into South L.A. business
A minivan ran a red light in South Los Angeles and crashed into a local business, causing significant damage. The incident highlights ongoing traffic safety concerns in the area.…
KTLA · 
Trader Joe's opens another outlet in Orange County as its California expansion continues
Trader Joe's has opened a new store in Anaheim Hills, marking its latest addition in Orange County. The grocery chain plans three more California locations as it expands…
LA Times Business ·- FOX 11 Los Angeles
City-run bank study passes LA City Council
Los Angeles City Council approved $460,000 for a study exploring a city-owned public bank, passing 11-3. The initiative aims to direct local funds toward affordable housing,…
FOX 11 Los Angeles · 
New Los Angeles initiative honors historic Latino businesses in Boyle Heights
Los Angeles launched a new program recognizing longtime Latino-owned businesses in Boyle Heights for their decades of service to the community. The initiative highlights these…
ABC7 Los Angeles ·
Supreme Court Declines to Hear Los Angeles Business Owner’s Case Seeking Compensation After SWAT Team Destroyed Shop
The Supreme Court refused to review a Los Angeles business owner's appeal for compensation after a SWAT raid severely damaged his shop. The raid left the entrepreneur with major…
The Institute for Justice ·
LOS ANGELES 2028: L.A. City Controller Mejia subpoenas finance records from LA28, as City faces possible Games financial exposure on three fronts
LA City Controller Kenneth Mejia has issued a subpoena for detailed financial records from the LA28 Olympic organizing committee. The move comes as the city confronts potential…
The Sports Examiner ·
Sky-high LADWP bills light up social media
Los Angeles residents are flooding social media with photos of unexpectedly high LADWP bills that arrived this summer. Many describe the amounts as outrageous and far beyond what…
LA Times Business ·
Hello Sunshine Sold for More Than $900M. Now Reese Witherspoon Is Buying It Back.
dot.LA has a new report touching on money, deals and the regional economy in Los Angeles. According to the coverage, key figures include $900M and $900M; it involves Hello…
dot.LA ·
Ephemeral companies and $100 million in the bank: The mysterious fortune of the owners of the house of horrors
A dozen short-lived companies linked to Guojun Xuan and Silvia Zhang held over $100 million in assets while the couple allegedly abused 21 children inside their upscale Los…
EL PAÍS English ·
The World Cup was bad for some businesses in Los Angeles
The World Cup generated the smallest economic lift for Los Angeles hotels among recent major events, according to an industry study. Many hospitality workers saw reduced hours…
Los Angeles Times ·
Los Angeles business owners say heat wave has affected their day-to-day operations
Los Angeles business owners report that the ongoing heat wave is disrupting daily operations and increasing costs. Many are adjusting hours, installing cooling equipment, or…
CBS News ·
Bank of Hope Closes Growth Deal
Bank of Hope has finalized an acquisition that expands its commercial lending reach across Los Angeles. The deal strengthens the Downtown-based bank's position serving small…
Los Angeles Business Journal ·
Disney pays $115 million for former Yamaha headquarters in Cypress
Disney acquired the former Yamaha headquarters in Cypress for $115 million to expand its Anaheim resort operations. The 7-mile-distant site sits near Katella Avenue and the Simba…
Los Angeles Daily News ·
africActive: Helping the Food Bank Fight Hunger in Los Angeles County
africActive partners with the Los Angeles Regional Food Bank to distribute meals and combat hunger across the county. The organization focuses on supporting working families and…
Los Angeles Regional Food Bank ·
Measure ULA’s Second Round
Los Angeles is launching a second round of funding from its mansion tax on luxury property sales. The program, backed by Measure ULA revenue, aims to support local initiatives…
Los Angeles Business Journal ·
Mayor Bass Celebrates Grand Opening of Banc of California’s New 40,000 Square Foot Downtown L.A. Office
Mayor Bass joined executives to open Banc of California's new 40,000-square-foot headquarters in downtown LA. The move adds significant commercial space and jobs to the city's…
City of Los Angeles (.gov) ·
Hollywood would get 20% federal film tax credit under proposed new bill
Los Angeles Times has a new report touching on money, deals and the regional economy in Hollywood. The full details are in the original story at Los Angeles Times.
Los Angeles Times ·
Impulse Space Just Raised $308M to Build the Roads in Orbit
Impulse Space secured an additional $308 million from existing investors, completing an $808 million Series D that brings its total funding past $1.3 billion. The Redondo Beach…
dot.LA ·
Trump backs a federal film tax credit. What that could mean for Hollywood
President Trump endorsed a proposed federal film tax credit aimed at bolstering domestic production. Hollywood leaders see it as potential relief for an industry strained by…
Los Angeles Times ·
How the influencer industry is taking center stage in Burbank
YouTube influencers are increasingly leasing Burbank soundstages as traditional film and television production contracts in Los Angeles. This shift is transforming underused…
Los Angeles Times ·
Why Samsonite Just Paid $178.5M for BÉIS
Samsonite agreed to buy an 85% stake in Los Angeles-based luggage and lifestyle brand BÉIS for $178.5 million, valuing the company at about $210 million. The deal, expected to…
dot.LA ·- COUNTY OF LOS ANGELES (.gov)
LA County DEO Announces $5.74 Million to Expand High Road Training Partnerships, Bringing Investment to More Than $39.7 Million for Pathways to Good-Paying Jobs – COUNTY OF LOS ANGELES
Los Angeles County is investing an additional $5.74 million to grow High Road Training Partnerships, pushing total funding past $39.7 million. The program creates structured…
COUNTY OF LOS ANGELES (.gov) · 
From Uber to Atoms: Travis Kalanick’s $1.7 Billion Return
Travis Kalanick has raised $1.7 billion for his Los Angeles-based company Atoms, formerly City Storage Systems, in a round led by Andreessen Horowitz that includes participation…
dot.LA ·
Hollywood’s big online bet: Inside the industry’s race to acquire internet stories
Hollywood studios are aggressively hunting for viral internet stories and emerging online creators to fuel their next box office hits. Fresh off the success of "Obsession" and…
Los Angeles Times ·
Romanian national sentenced for bank fraud after HSI Los Angeles disrupts transnational criminal organization
A Romanian national received a federal prison sentence for his role in a bank fraud scheme after HSI Los Angeles dismantled the transnational criminal organization he belonged…
ICE | U.S. Immigration and Customs Enforcement (.gov) ·