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James Rufus Koren

James Rufus Koren covers banking and finance for the Los Angeles Times. He previously wrote for the Los Angeles Business Journal, where he covered banking, manufacturing and other industries, and for daily newspapers in Southern California and rural Michigan. He was raised in St. Louis and small-town Iowa, headed west to study at the University of Southern California and now lives in Long Beach.
L.A. voters will decide whether to eliminate a barrier to a public bank

Los Angeles voters will decide next month whether to nudge along the budding movement to create a public bank owned by the city, by altering the City Charter to allow L.A. to create a “purely commercial” enterprise.

Big banks' profits soar, helping stock market end skid

Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup each posted double-digit percentage gains in profit, boosted by higher interest rates and lower federal taxes under the GOP-backed tax cuts approved last year.

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