San Diego Business Journal

SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Credit Unions Give Tech Tools a Chance

Members Increasingly Embrace Technology; Institutions Evaluate What Else to OfferCalifornia Coast Credit Union’s website highlights its “personalized caring attention.”

By Sarah de Crescenzo January 19, 2017 3:41 p.m.   $$ Share

Kestra Private Wealth Services Recruits Two New Firms

San Diego-based registered investment advisor Kestra Private Wealth Services LLC announced January 20 the addition of Intrinsic Mutual Advisors and Stone Beacon Capital, two new firms led by former wirehouse advisors with a combined total of $240 million in assets.

County's December Unemployment Rate Dips to 4.2%

Joblessness in San Diego County slid again in December to a seasonally unadjusted 4.2 percent in December, down from 4.3 percent the month before, as the local economy continued to outperform the state and nation as a whole in the measure of overall employment.

Local Business Outlook Index Closes Year on Slightly Optimistic Note

Closing an unusually bumpy year, San Diego County business confidence ended 2016 in lukewarm territory, according to the region’s leading business outlook index.

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These Helping Hands Were Winning Hands for Carlsbad Charity

The La Costa 35 Athletic Club, a local nonprofit, hosted its 6th Annual Texas Hold ‘Em Poker Tournament recently to benefit the Boys & Girls Clubs of Carlsbad.

Debt Collector Encore Makes Gains in Reducing Complaints

FINANCE: Co. Is Still One of Top Complained About Collectors in Q3

In September 2015, debt buyer and collector Encore Capital Group was hit with $52 million in refunds and penalties by the Consumer Financial Protection Bureau for allegedly using deceptive tactics to collect debts they had failed to properly verify.

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Credit Unions Make Record Gains in a Number of Categories

FINANCE: Membership Mark Passes One Million; More Than $15.1B Deposited

For the first time, membership in locally headquartered credit unions has passed the one million mark.

Seacoast Commerce Bank Posts 26th Consecutive Quarterly Profit

San Diego-based Seacoast Commerce Bank earned $6.9 million in net income in 2016, a 19.6 percent increase over the $5.8 million it earned in 2015.

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Co. Delivers a Who’s Who of Startup Services

Ryan Mickle, a local startup CEO, has launched a website to help fellow entrepreneurs wade through stacks of referrals.

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This App Can Take You Places Where Only The Imagination Has Been

A startup in San Diego is designing a mobile app that one day may usurp Amazon in the now-niche market of short fiction.

Prof to Trump: 'Train of Economic Globalization Has Left the Station'

A UCLA economics professor told an audience in downtown San Diego that Donald Trump’s proposed policies on trade and immigration give him “really, really low” chances of delivering on his promise to create 25 million U.S. jobs during the next 10 years.

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Roger M. Laverty Named President of Grandpoint Bank

Grandpoint Bank, of which La Jolla-based Regents Bank is a division, has named Roger M. Laverty as president.

San Diego Startup SparkFin Inc. Acquired by StockTwits

San Diego-based fintech startup SparkFin Inc., a mobile app that organizes stocks into lists, has been acquired by StockTwits Inc., the largest social platform for investors and traders.

S.D. Credit Unions Have That New Car Smell

San Diegans sure love their cars — especially new ones.

Tridea Partners Acquired by Danish Company for $8.7 Million

San Diego business services provider Tridea Partners LLC has been acquired by the Norwell, Mass.-based subsidiary of Danish company Columbus IT.

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NASSCO Delivers for Babies With Donation to Diaper Bank

Employees from General Dynamics NASSCO delivered nearly 8,000 diapers to the San Diego Food Bank’s newly created “Diaper Bank.” The Diaper Bank was created in partnership with Assemblywoman Lorena Gonzalez, who recently collected more than 65,000 diapers to assist families in need. Gonzalez was at the Food Bank to assist with the delivery of more than 40 boxes of diapers.