SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
FINANCE: New Investment Bank Won’t Parcel Out Process
An investment banker and the head of marketing operations for a division of the nation’s largest energy retailer have teamed up to open a Del Mar-based investment bank focused on mergers and acquisitions.
Loan approval by small banks in San Diego rose by 0.2 percent in July while the rates of approval by banks with $10 billion or more in assets and alternative lenders fell 0.3 percent and 0.1 percent, respectively, according to an analysis by Biz2Credit, an online small business lending platform.
Intel Corp. has agreed to acquire San Diego-based Nervana Systems, the semiconductor giant announced Tuesday.
Heritage Global Inc., a San Diego-based company that conducts liquidation transactions and valuations for distressed and surplus corporate and financial assets, announced it had earned $600,000 in net income during the second quarter of the year, an improvement from last year’s net loss of $700,000.
La Jolla-based Silvergate Bank said Monday it took in $1.7 million in net income in the second quarter of the this year, down 45 percent from the same quarter last year when it earned $3.1 million.
The San Diego Regional Chamber of Commerce, in partnership with Wells Fargo, announced the launch of an online Small Business Resource Center, a section of the chamber’s website with free information for small businesses.
Maryland-based Zips Dry Cleaners has signed a development deal with a Los Angeles area franchisee to build 110 locations in Southern California, including 15 in the San Diego market.
Specialty finance company Encore Capital Group Inc. reported $289.4 million in revenue for the second fiscal quarter ending June 30, 2 percent up from the $282.7 million reported last year in the same quarter.
The San Diego Police Foundation’s 16th annual “Friends of the Badge” luncheon was held recently at the San Diego Convention Center. Net proceeds of more than $145,000 were raised by 451 attendees who gathered to support public safety and the mission of the Police Foundation.
FINANCE: More Cos. Adopting Culture Gives Investors Greater Choices
Twenty years ago, multibillion-dollar companies including Nike and Wal-Mart were in the headlines — not because of their growing profits, but because of how they made them.
A new coworking space called BioLabs San Diego is launching this fall, hoping to fill the gaps left in the city’s biotech startup space.
DeskHub San Diego, one of the more bustling coworking spaces in the city, is expanding its space in Little Italy.
PROPERTY: Those Paying Cash Targeted By Treasury Department
The U.S. Treasury Department wants to know who secretly may be buying luxury homes in San Diego.
PROPERTY: Property Values, Rents Increase on West Coast
So far in 2016, San Diego-headquartered real estate investment trusts are continuing to benefit from a West Coast climate of limited new retail center development in locations where major store operators are still looking to set up shop.
Tracking S.D.’s Wealthiest Provides Reflection of Community
The list of the wealthiest San Diegans is dynamic and evolving, much like the community it reflects. It shows a cross-section of the county’s key industries and inspiring success stories, from executives at promising life science companies to fast-growing craft brewers. It includes individuals and families that helped build this community and its innovative tech companies. It’s a snapshot of prominent philanthropists, political donors and power brokers. There is no question that publishing a list of a community’s wealthiest individuals can be viewed as a crass, voyeuristic exercise that has more entertainment value than journalistic value. Fair enough; we understand the criticism. Some people have argued that publishing