San Diego Business Journal

SD FINANCE

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

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Matchmaker, Ambassador & Advocate

As San Diego’s startup economy gains steam, few people are more vital to the health of the fast-growth business sector than Mike Krenn, president of San Diego Venture Group.

VC Took Off Its Running Shoes and Strolled Through 2016

INVESTMENT: Deals And Dollars Were Down Both Locally, Nationally

Venture capitalists made fewer than half the number of deals in San Diego in 2016 than they did in the prior year, according to a MoneyTree report by PricewaterhouseCoopers and CB Insights.

How Do Businesses Take Wage Hike Hit?

LAW: Cos. on Defense as They Try to Recoup Costs

There should be little doubt, now that the San Diego City Attorney’s Office has stepped in, that a few local restaurants appear to have mishandled the rollout of surcharges meant to boost revenue following the city’s Jan. 1 minimum wage increase.

Venture Capitalists Liked These 10 S.D. Companies Best

During 2016, San Diego saw 103 venture capital investments for a total of about $1.28 billion, according to a MoneyTree report released this week by PwC and CB Insights.

Two Indexes Show Region's Economic Health

A local economic index jumped in November by its biggest margin in more than half a year, owing to improvement in the areas of consumer confidence, residential permitting activity and initial claims for unemployment.

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Mast Therapeutics Merges With Austin-Based Biotech

Following a major clinical trial flop, San Diego’s public biotech Mast Therapeutics Inc. will merge with Austin, Texas-based Savara Inc.

Cohu Filing Could Put Big Bucks in Co.'s Hands

A recent securities filing shows Cohu Inc. is keeping its options open, and might want to raise more funds to finance future business opportunities.

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Silvergate Hires Former Head of San Diego Private Bank to Run Lending Group

Maria P. Kunac, the former CEO of San Diego Private Bank, has been tapped by Silvergate Bank to run its biggest lending unit.

Local Economic Index Shows November Gain

A local economic index jumped in November by its biggest margin in more than half a year, owing to improvement in the areas of consumer confidence, residential permitting activity and initial claims for unemployment.

Versant Ventures Announces Leader for New Fund's Investments in San Diego, Bay Area

Versant Ventures, a global health care investment firm, announced Thursday it has appointed Clare Ozawa to lead investments in San Diego and in the Bay Area in preparation for the launch of its new $400 million fund.

CUSO, Sorrento's New App Puts Portfolio Management in Clients' Mobile Devices

San Diego sister broker-dealers CUSO Financial Services LP and Sorrento Pacific Financial LLC have launched a new mobile application for use by the companies’ investment clients.

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Survivor Bell Makes Statement of Hope, Heroism With Each Ring

Childhood cancer patients at Rady Children’s Hospital received an inspirational opportunity to announce a victory milestone in their battles against cancer.

Regulators Move To Relax Report Rules

FINANCE: Small Banks Would Benefit From Proposed Changes

Federal banking regulators plan to relax quarterly reporting requirements for banks with less than $1 billion in assets and no overseas offices starting March 31.

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A ‘Weekend’ Without Borders

Google and Techstars’ regional event, Startup Weekend, is coming back to San Diego later this month, but this time the group is hosting its brainstorming session on both sides of the border.