San Diego Business Journal

SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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For Aisle Planner, Wedding Planning And Technology Make a Perfect Couple

Fintech has officially earned a place in the business lexicon, alongside biotech and bluetech (as we speak, beertech and weedtech are elbowing their way in).

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Approved Sees Ways to Make Mortgage Loan Process Better

TECH: Co. Attempts To Streamline Process, Document Collection

Real estate websites such as Redfin and Zillow have made it easy for prospective homebuyers to narrow their options without having to leave the couch.

San Diego Gained Construction Jobs in December, Industry Group Says

The San Diego metro area gained 400 construction jobs in December 2016 over the same month in 2015, according to an analysis of federal employment data released Wednesday by the Associated General Contractors of America.

BofI Holdings Reports Q2 Net Income of $32.3 Million

BofI Holdings Inc., parent company of BofI Federal Bank, reported net income of $32.3 million for the fiscal quarter ending Dec. 31, up 14.7 percent from the year before.

AnaptysBio's Upsized IPO Raises $75 Million

San Diego biotech AnaptysBio ended up raising $75 million in an upsized initial public offering Jan. 26, making it the first biotech in the country to go public this year.

Qualcomm Stadium Service Vendor Laying off 1,130

The concession services firm for Qualcomm Stadium is laying off 1,130 workers at the end of March, according to a recent filing with the state Employment Development Department. The job cuts follow close behind the former San Diego Chargers’ recently announced departure for the Los Angeles market.

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Couple Honored for Putting Heart into Helping Foster Care

Walden Family Services honored longtime champions Harley and Maryanne Sefton with the inaugural Fostering Hearts Legacy Award recently during the group’s Wine D’Vine, which drew 350 business and community leaders and raised more than $675,000 for the nonprofit’s foster care, adoption and parent training programs.

Jack Florio Joins Leadership Team at Objective Capital

San Diego-based investment banking firm Objective Capital Partners recently announced the addition of pharmaceutical industry veteran Jack J. Florio to its leadership team.

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PotDrive Sees an Opening In WeedMaps Territory

Bardia Rahim, a serial entrepreneur in San Marcos, is developing an app to take on a giant among cannabis technology: WeedMaps.

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REIT Veteran Gold Enters Cannabis Space

REAL ESTATE: Lease-Back Deals Within Framework of Federal Laws

Real estate industry veteran Alan Gold wants to make it clear that his new San Diego-based company’s mission is about the property, not the pot.

Venture Capital Investing Returned to Norm in 2016, Expert Says

As venture capital funding fell nationally in 2016, so did the investments in San Diego, shrinking from $1.49 billion in 2015 to $1.07 billion. Experts say the fallback is simply a reversion to the mean after a blockbuster 2015.

AnaptysBio Sets IPO Price at $60 Million

San Diego biotech AnaptysBio has set the price of its initial public offering, expecting to raise about $60 million from the sale of its common stock.

Kestra Private Wealth Services Recruits Two New Firms

San Diego-based registered investment advisor Kestra Private Wealth Services LLC announced January 20 the addition of Intrinsic Mutual Advisors and Stone Beacon Capital, two new firms led by former wirehouse advisors with a combined total of $240 million in assets.

County's December Unemployment Rate Dips to 4.2%

Joblessness in San Diego County slid again in December to a seasonally unadjusted 4.2 percent in December, down from 4.3 percent the month before, as the local economy continued to outperform the state and nation as a whole in the measure of overall employment.

Local Business Outlook Index Closes Year on Slightly Optimistic Note

Closing an unusually bumpy year, San Diego County business confidence ended 2016 in lukewarm territory, according to the region’s leading business outlook index.