San Diego Business Journal

SD FINANCE

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

San Diego Region Construction Jobs Increase 6 Percent

The San Diego region gained 4,000 construction jobs from March 2015 to March 2016, according to an analysis of federal employment data by the Associated General Contractors of America.

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Means Testing Serious Business for Social Security

Workers younger than 66 lost up to $100,000 in Social Security lifetime benefits April 29. Why? Because the “File and Suspend” claiming strategy, which allowed a retiree to take benefits off a spouse’s record while deferring his or her own record, has been eliminated.

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These Socks Were a Shoo-In for Some Successful Fundraising

With more than 30 years of experience in the apparel industry, Carlsbad resident John Rich is hyper-aware of what is being worn in his community. And although there were plenty of Carlsbad T-shirts, hats and bags, he was hard-pressed to find a pair of Carlsbad socks.

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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Region Gets Additional Dose of Life Science VC Funds

CAPITAL: Lumira, RiverVest Among Firms Adding a Local Presence

San Diego’s growing hub of biotech and other life science firms is attracting fresh investors to the 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.