SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
The head of Qualcomm Inc.’s venture capital arm, Nagraj Kashyap, has left to join Microsoft Corp., the big Washington software company confirmed.
FINANCE: Partnering With Retailers Avoids Major Marketing Costs
LoanHero, one of the latest members in San Diego’s burgeoning alternative lending community, closed a $2.5 million seed funding round last month, bringing its fundraising total so far to $4.2 million.
TECH: Co. ‘Executing,’ But Q2 Outlook Is Weak
Wireless technology specialist Qualcomm Inc. seemed to be its old self — under promising and over delivering — when it reported earnings for its recently ended first quarter on Jan. 27. Guidance for the current quarter, however, disappointed Wall Street and shares slumped after hours.
FINANCE: More Caution Expected in Shaky Economy
Venture capital investors pumped more than $1 billion into San Diego companies last year, the region’s best funding period in at least three years, buoyed by an especially diverse distribution of capital across industries.
Portland-based Umpqua Bank on Monday said it was expanding its commercial banking services in San Diego with the hire of two former California Bank & Trust executives, on the heels of installing CB&T’s San Diego leader as its new head of commercial banking.
San Diego-based Realty Income Corp. recently announced that its board of directors has approved a 5 percent increase in the company’s common stock monthly cash dividend.
San Diego’s unemployment rate edged downward to 4.7 percent in December, down from 4.8 percent the month before, as the region’s labor force slightly contracted.
Financial services firm CBIZ MHM LLC and CPA firm Mayer Hoffman McCann PC on Jan. 20 said they were restructuring their Southern California operations, combining seven officers into a single business unit, run from San Diego.
Annual income for Seacoast Commerce Bank’s corporate parent, Seacoast Commerce Banc Holdings, reached $5.8 million last year, up 33 percent from $4.3 million in 2014.
A strange thing happened to Poway Mayor Steve Vaus as he waited in the green room of a local TV station to promote the 25th year of his charity Carols by Candlelight — he fell in love. Also there that day from the Helen Woodward Animal Center for his television appearance was 2-month-old Sleigh, a border collie/Labrador retriever mix.
Optimism among San Diego businesses rose for the first time in six months last month, as more companies look forward to rising revenue and improving business conditions in the first quarter.
FINANCE: Request for Data May Be Precursor to New Rules
California regulators are taking a closer look at marketplace lenders around the country, as online alternative lenders boom in popularity with consumers and small businesses.
LoanHero Inc., an online lender that partners with merchants to offer financing at the point of sale, said on Wednesday it had secured $2.5 million in seed funding, adding to the $1.7 million it raised last summer.
San Diego should prepare for a year of “tepid” growth, according to an economic forecast released Wednesday by the National University System Institute for Policy Research.
San Diego’s workforce may not be as educated as its peers, but it’s catching up quickly.