Asian American banks are reported to be bucking the trend and booming, with two of the biggest in Los Angeles -- Korean American BBCN Bankcorp and Chinese American Cathay General Corp. -- in the top pack for the best bank stock buys nationally as rated by financial analysts. Two L.A. Asian American banks near top of national stock ratings - latimes.com
BBCN today reported net income had risen 27% and loans were up 35% in the last quarter as compared to a year earlier.
Also well rated was Korean American PacWest Bankcorp. Other Los Angeles area Asian American banks also have been reporting hihger profits, including East West Bankcorp, the largest Chinese American bank.