San Diego Business Journal

SD FINANCE

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

SmartDrive Systems Raises $50 Million in Venture Funding

SmartDrive Systems said on March 30 that it raised $50 million of additional venture funding.

By Brad Graves March 31, 2015 3:08 p.m.   Share
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TIME FOR A CHANGE

Two Women Entrepreneurs Saw Opportunity in A Financial Market That Wasn’t Being Well Served

When Valorie Seyfert and Amy Beattie launched CUSO Financial Services (CFS) in 1996, they were betting they could capitalize on credit unions’ frustrations with the independent broker-dealers the institutions had hired to offer securities products, such as annuities and mutual funds, to the unions’ members.

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Putting Women on Frontlines of Entrepreneurial Empowerment

FINANCE: Boot Camp Wants Female Investors for World Changing Mission

An all-female boot camp for angel investors is coming to San Diego this fall, designed to boost the participation of women in a field dominated by men.

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Realty Income Closes on New $2.25 Billion Credit Facility

San Diego-based Realty Income Corp. has closed on a new $2.25 billion unsecured credit facility, to replace a previous $1.5 billion unsecured credit facility.

Payday Lending Deals With Change

FINANCE: Growth Slows; New Regulation Considered

California payday lenders are seeing more customers and doing more business than ever, even as the industry’s growth rate has slowed substantially since 2010, state regulators said last month.

California Economic Activity Index Shows Slight Increase for April

Comerica Bank’s California Economic Activity Index improved in April, increasing 0.7 of a percentage point to a level of 119.7, the bank said.

HomeFed Closes $125 Million Private Placement

Carlsbad-based HomeFed Corp., real estate investment and development firm, announced that it has successfully closed a private placement of $125 million of 6.50 percent senior notes due 2018.

Local Delegation Heading to Philippines to Promote Trade

The Philippine Honorary Consul of San Diego, Audie J. de Castro, will head a San Diego delegation of government officials and business executives on an economic mission to the Philippines from July 6-10.

San Diego's Economic Health Continues to Make Gains, Index Shows

An index of San Diego’s economic health rose again in May, marking 12 straight months of positive outlooks, the University of San Diego said Tuesday.

Study: Acceptance of Working Moms Continues to Grow

Teen and adult acceptance of working mothers has risen to an all-time high, about double what it was in the late 1970s, researchers at San Diego State University and the University of California, San Diego said Monday.

Former Qualcomm Exec Sentenced to 18 Months and Fined for Insider Trading, Obstruction of Justice

A federal judge sentenced a former Qualcomm Inc. executive to 18 months in prison and fined him $500,000 for acting on insider information to profit from stock trades and then trying to cover up the incidents.

Company Ensures Protection From Possible Liabilities

INSURANCE: Verifying COIs and Knowing Limits Of Policies Are Musts

Whenever entities work with vendors, suppliers, or tenants, especially in the public sector, it’s important to make sure they are doing business with people who are properly insured.

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S.D. Adds 446 Cos. to Its Innovation Roster

ECONOMY: VC, Research, And Funding Fuel Growth

A new report from business accelerator CONNECT says 2014 was a banner year for San Diego’s innovation economy, with 446 new companies created in the region.

San Diego County Credit Union Opens Hillcrest Branch

The San Diego County Credit Union, San Diego’s largest locally-owned financial institution, has opened a new branch in the Hillcrest area at the corner of 5th and University avenues.

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Del Mar Heights Office Property Sold for $29.4 Million

San Diego-based Cruzan has acquired the Del Mar Corporate Plaza office property in Del Mar Heights for $29.4 million, according to brokerage company DTZ.

USD's Engineering School Gets $2 Million Grant to Promote Diversity, Bring Cultural Change to Department

The Shiley-Marcos School of Engineering at the University of San Diego has been awarded a $2 million grant to revolutionize engineering education, USD said.