San Diego Business Journal

SD FINANCE

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

Veterans, Millennials Dominate S.D.'s Workforce, Women Lag, Study Finds

The San Diego area workforce has the highest percentage of millennials and veterans, but the lowest percentage of women compared to nine competing metro areas.

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Hostel Takeover

Entrepreneurs’ Site Looks to Blaze An Online Trail for Those Who Travel Light

After spending a couple of their post-college years traveling the globe, and a few more years refining their business plan, San Diegans Bradon Young and Garrett Mincks have started a business to tell people how they can travel, too.

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Partners Take Holistic Approach to M&A

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.

Small Banks Approved More Loans in July Than Bigger Counterparts

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.

Startup Nervana Systems Acquired by Intel Corp.

Intel Corp. has agreed to acquire San Diego-based Nervana Systems, the semiconductor giant announced Tuesday.

Heritage Global Says Q2 Revenue Grew to $3.9 Million

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.

Silvergate Bank Posts Q2 Net Income of $1.7 Million

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.

Chamber, Wells Fargo Partner to Launch Small Business Resource Center

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.

Dry Cleaning Chain Expanding into San Diego

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.

Encore Capital Group Reports Second Quarter Results

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.

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S.D. Police Foundation Helps Those Who Protect and Serve

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.

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Socially Responsible Investing Paths Are Gaining Traction

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.

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BioLabs Is Additional Plus for Local Biotech Scene

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.

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Coworking Space Adds a Privacy Option for Clients

DeskHub San Diego, one of the more bustling coworking spaces in the city, is expanding its space in Little Italy.

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Insurers to Begin Checking IDs of High-End Homebuyers

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.