SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
INVESTING: Startups Will Join Others Working At COI Pharmaceuticals
Avalon Ventures announced the launch of three new biotech companies formed through its collaboration with British drugmaker GlaxoSmithKline.
FINANCE: Uncertainties of Currency Keep Others Away
Few banks do business with Bitcoin and other digital currency firms, and even fewer make those relationships public.
The number of underwater San Diego homes, with owners owing more in mortgages than the homes were worth, fell by about 13,000 to 44,854 in the last year, according to a report released Tuesday by CoreLogic.
San Diego foreclosure rates dropped another tenth of a percent in April compared to last year, with 0.4 percent of outstanding mortgage loans foreclosing, according to CoreLogic.
FINANCE: Co. Puts 45% in Alternatives as Hedge for Bad Times
For decades, the basic makeup of an investment strategy has been 60 percent stocks and 40 percent bonds. Investors looking to further diversify might put up to 10 percent into so-called alternative investments that didn’t correlate to stock returns, including commodities, private equity or even artwork.
INVEST: Financial Advisors Increasingly Address Interests and Situations of Women Clients
Fewer than half of the women in a recent Morgan Stanley survey said they worked with a financial advisor, and most of those who did reported their advisor misunderstood or neglected them.
WORKFORCE: Nonprofit Matches Job Skills to the Needs of Local Companies
When Anthony J. DeSalis began working for The Arc of San Diego, he had no idea that he would be there 32 years later, helping people with developmental disabilities achieve economic independence.
ECONOMY: More Units, Deployments Influence Availability of Rentals
The region’s apartment vacancy rate now stands at 4.1 percent, up slightly from the spring and fall of 2014, according to newly issued results of a spring survey by the San Diego County Apartment Association.
FINANCE: Industry Veteran Will Oversee Business Lending
The San Diego County Credit Union has named Michael Corpuz its senior vice president of business lending.
ECONOMY: New Program Part of Japan and S.D.’s Shared Interests, Ambitions
The University of California, San Diego is launching a new program to promote the sharing of ideas, talent and venture capital between Japan and San Diego.
The San Diego County Credit Union, the largest locally-owned financial institution, has named Michael Corpuz its senior vice president of business lending.
Comerica Bank’s California Economic Activity Index declined in March, decreasing 0.6 of a percentage point to a level of 118.8, Comerica said.
San Diego foreclosure rates fell one-tenth of a percentage point in March compared to last year, with 0.42 percent of outstanding mortgage loans foreclosing, according to CoreLogic.
Chicago-based tax and advisory firm Grant Thornton LLP said Tuesday it was adding a former IBM vice president to its San Diego office as a principal in its advisory practice.
San Diego’s unemployment rate fell to 4.8 percent in April, the lowest since December 2007, according to California Employment Development Department figures released on April 22, below the California unemployment rate of 6.3 percent and the national rate of 5.1 percent.