San Diego Business Journal

SD FINANCE

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

Coalition Launches Initiative to Promote More Jobs

A group of businesses and government leaders launched an effort Wednesday to collaborate on job creation across the San Diego County and Tijuana region.

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The Franchise Maker Guides Businesses on the Big Decision

CONSULTING: Both Businesses and Owners Must Possess Proper Traits

Franchise businesses make up a sizable portion of the country’s economy. They employ more than 9 million workers across nearly 800,000 establishments.

Revenue Rises at American Assets Trust

American Assets Trust Inc. saw total revenue rise 7.1 percent from a year ago in its first quarter ending March 31, reaching $70.7 million, the San Diego-based real estate investment trust reported.

First Quarter Revenue, Net Income Rise at Realty Income Corp.

Realty Income Corp. posted an 8.2 percent increase in first-quarter revenue compared with the same period of 2015, topping $267.1 million, as net income available to common stockholders rose 4.9 percent, to $63.5 million.

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Community Answers Call to Support Women in Blue Luncheon

Record attendance marked the San Diego Police Foundation’s 6th Annual Women in Blue Luncheon at the Hilton San Diego Bayfront recently.

San Diego County Credit Union’s Assets Up 8% in Q1

San Diego County Credit Union’s assets grew nearly 8 percent in the first quarter reaching $7.4 billion, the credit union said April 22 in an earnings report.

Seacoast Commerce Banc Posts Q1 Income of $1.7 Million

First-quarter income at Seacoast Commerce Banc Holdings rose 28 percent to $1.7 million, Seacoast Commerce Bank’s parent company said Thursday.

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Michael Kim Named VP at Objective Capital Partners

Objective Capital Partners LLC, an M&A investment bank, on Tuesday said it had hired Michael Kim as vice president, overseeing the firm’s execution of banking activities.

Neighborhood National Bank Beefing Up Compliance Program

San Diego-based Neighborhood National Bank has agreed to beef up its anti-money laundering capabilities, federal regulators said Friday, in a deal that will stave off enforcement proceedings from the Comptroller of the Currency.

Bank of the Internet Stock Takes Another Hit

Bank of the Internet sought to reassure investors Monday after its share price fell more than 10 percent in the past week amid renewed coverage of a shareholder class action alleging the bank manipulated its financial records.

S.D. Unemployment Rate Flat at 4.7% for March

San Diego’s unemployment rate has been flat at 4.7 percent from January to March, with a growing labor force keeping up with positive labor movement.

Co. Adds Two More Bitcoin ATMs, in Oceanside and National City

New York-based bitcoin ATM provider Coinsource said Thursday it had expanded its offerings in San Diego, adding two new machines in Oceanside and National City.

Award to S.D. Workforce Partnership to Fund Effort to Encourage Private Investment

The San Diego Workforce Partnership on Thursday said it had received a $200,000 award to lay the groundwork for a system of attracting private investment in workforce development projects.

Illumina to Invest $100M in VC Firm Established by Former Exec

San Diego-based Illumina Inc., the world’s largest maker of DNA sequencing machines, announced Thursday it will invest $100 million in a new venture capital firm established by a former Illumina executive.