SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
A strange thing happened to Poway Mayor Steve Vaus as he waited in the green room of a local TV station to promote the 25th year of his charity Carols by Candlelight — he fell in love. Also there that day from the Helen Woodward Animal Center for his television appearance was 2-month-old Sleigh, a border collie/Labrador retriever mix.
Optimism among San Diego businesses rose for the first time in six months last month, as more companies look forward to rising revenue and improving business conditions in the first quarter.
FINANCE: Request for Data May Be Precursor to New Rules
California regulators are taking a closer look at marketplace lenders around the country, as online alternative lenders boom in popularity with consumers and small businesses.
LoanHero Inc., an online lender that partners with merchants to offer financing at the point of sale, said on Wednesday it had secured $2.5 million in seed funding, adding to the $1.7 million it raised last summer.
San Diego should prepare for a year of “tepid” growth, according to an economic forecast released Wednesday by the National University System Institute for Policy Research.
San Diego’s workforce may not be as educated as its peers, but it’s catching up quickly.
The San Diego Regional Fire Foundation presented $177,000 in grants to 10 San Diego County fire agencies that provide protection and emergency response.
FINANCE: It’s Too Early To Tell Overall Impact Act Will Have on Sector
Credit unions are facing higher compliance costs and may be cutting back on some types of mortgage lending in the face of 2010’s Dodd-Frank Act, but regulators say it may be years before the full cost of the law is known, according to a report late last month from the U.S. Government Accountability Office.
With Half of Hispanics Underbanked, Credit Unions Work to Be More Welcoming
Credit unions have an opportunity to make major inroads into the Hispanic community if they work to understand Hispanic culture and make it easier for first-generation immigrants to become members, a panel organized by federal regulators said.
San Diego drug developer Otonomy Inc. announced Jan. 12 the closing of its $115 million public offering of stock.
Asset Marketing Systems on Monday said it had hired Merrit Strunk as its new chief marketing officer.
FINANCE: Eyes Are On Fiduciary Rule, Use of Robo Advisors
This year is shaping up to be more of the same for wealth management firms, with new regulations still on the horizon, asset allocation software steadily rising in popularity and interest rates below historical norms.
FINANCE: Reilly Financial Sees Expat Community Needing Its Services as The Investment Picture Gets More Complicated
Just before New Year’s Day, Swiss bank and wealth manager Julius Baer said it planned to pay $547 million to settle U.S. prosecutors’ allegations it helped Americans evade taxes. Frank Reilly, president of La Mesa-based Reilly Financial Advisors (RFA), saw the news as yet another development pushing Americans living abroad toward firms like his, which specialize in expatriate accounts.
Serving Seniors, a local nonprofit dedicated to helping seniors in poverty live healthy and fulfilling lives, served its 10 millionth meal with the help of San Diego Mayor Kevin Faulconer and county Supervisor Ron Roberts. Forty percent of San Diego seniors have to choose between rent and food due to ongoing state and federal budget cuts, according to the nonprofit. The nonprofit provides nearly 600,000 meals each year to its clients, as well as delivers “wrap-around” wellness services, to take care of senior health, mental health, advocacy and housing needs.
The downtown San Diego office tower known as First Allied Plaza is part of an 11-property, multi-state portfolio acquisition by the New York State Common Retirement Fund, valued at approximately $704 million.