San Diego Business Journal


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

Encore Capital Group Says Q3 Revenues Up 5 Percent

Encore Capital Group, the largest buyer of defaulted credit card debt, said third-quarter revenues were up 5 percent to $288 million, but the company recorded a net loss of $11 million stemming from its $52 million settlement in September with federal regulators for allegedly deceptive tactics.

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Foundation’s Grants Make a Positive Environmental Impact

Escondido Charitable Foundation, an affiliate of The San Diego Foundation, announced it awarded $167,860 to eight nonprofits that promote the natural resources and open spaces of Escondido.

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Online Outreach Puts Teams in Scoring Position for Fundraising

GIVING: Athletics Get Crowdfunding Assist From

A local company,, wants to eliminate some of the financial obstacles sports teams face by giving them a method to fund themselves online.

RA Capital Puts Deals Under the Microscope

M&A: Investment Bank Isn’t Content to Leave It to Lawyers

RA Capital Advisors partner Joel Reed thinks plenty of companies are leaving millions at the negotiation table when finalizing acquisitions. These buyers and sellers have lawyers there to work out last details, but they don’t have investment advisors in the room, he said.

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Promoting Veterans

ECONOMY: Nonprofits Help Service Members Find Their Fit in the Workforce

Employment prospects for post-9/11 veterans were grim just a few years ago. About 15 percent were out of work in early 2011, compared with roughly 9 percent of the general population.

Leventhal Law Merges with Dinsmore & Shohl

Cincinnati-based Dinsmore & Shohl LLP, with 20 offices across the country, is expanding to San Diego by merging with local firm Leventhal Law, Dinsmore said Monday.

CommerceWest Bank Reports Q3 Pre-Tax Earnings of $1.8 Million

Irvine-based CommerceWest Bank, which has a branch in San Marcos, reported pre-tax earnings of $1.8 million in the quarter ending Sept. 30, up from $1.3 million the year before.

CDC Small Business Finance Hires Allison Kelly

CDC Small Business Finance, one of the country’s largest Small Business Administration lenders, said Monday it has hired Allison Kelly to fill the new position of senior vice president of strategy and innovation.

California Economic Activity Index Down 1.2 Percent in August

Comerica Bank’s California Economic Activity Index declined in August, decreasing 1.2 percentage points to a level of 119.6.

BofI Reports 42.9 Percent Increase in Q1 Net Income

San Diego-based BofI Holding, Inc., parent company of BofI Federal Bank, reported net income of $25.5 million for the first fiscal quarter ending Sept. 30. That was a 42.9 percent increase over the net income of $17.8 million for the same quarter in 2014.

Corporate Giving Benefits Everyone Involved

Americans are known for their philanthropic spirit, and corporations are no exception. Hospitals, libraries, colleges – our nation itself – have benefited from selfless donations in the spirit of our collective quest to help others.

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Gaining Experience

ECONOMY: Startups Find Good Guides In Accelerators, Incubators

In a global world with increasingly complex problems, it’s not a surprise that a successful startup no longer consists of one person armed with one idea. “Nobody innovates on their own,” said startup guru Greg McKee, CEO of San Diego’s longest-running business accelerator CONNECT. “The concept of the solo inventor working out of his garage is the myth of invention.”

Dealstruck Reports Reaching More Than $100 Million in Loans Since Founding

Alternative lender Dealstruck on Wednesday said it had racked up more than $100 million worth of loans to business customers since its founding in October 2013.

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ROIC Reports Third-Quarter Increase in Revenue, Net Income

San Diego-based Retail Opportunity Investments Corp., also known as ROIC, reported total revenue of $50.1 million in its third quarter ending Sept. 30, an increase of 22.5 percent from the year-ago period.

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Realty Income Corp. Sees Revenue, Net Income Rise in Third Quarter

Realty Income Corp. saw revenue rise 9.8 percent from a year ago in its third quarter ending Sept. 30, reaching $258.9 million, the San Diego-based real estate investment trust reported.