ORGANIZATION

Ford to cut jobs in US, Canada

Ford will begin laying off workers this week in the U.S. and Canada as part of the Detroit-based automaker's growth plan that was introduced in 2021.

PacWest sells loan portfolio for over $3.5B

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.