SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
FINANCE: Corporations Cut Expenses, Share Money with Charities
Working in partnership with nonprofit organizations, Accretive of San Diego helps corporations find ways to save money and channel a portion of the savings to charitable causes.
The Hand Up Youth Food Pantry at Jewish Family Service of San Diego was awarded a $75,000 grant from the S. Mark Taper Foundation.
GIVING: Firms’ Actions Create Customer Loyalty
Some San Diego companies are finding success by creating business models that are built around charitable giving.
San Diego County’s craft beer breweries and brewpubs generated $600 million in regional economic impact during 2014, a doubling since 2011, according to the latest updated report by National University System Institute for Policy Research.
San Diego-based Fresh Healthy Vending International Inc., a vending franchisor focusing on healthful foods, has been awarded a 1.5 year contract to place snack and beverage choices in Minnesota’s largest school district.
FINANCE: Firm Has Own Research Team ‘Rate’ Bonds
Within weeks of breaking away from Morgan Stanley and starting his own bond management firm in 2008, Bill Gurtin said the municipal bond market froze up, the result of the housing bubble bursting and bond insurance companies collapsing under the weight of countless mortgage defaults.
FINANCE: Chapter’s $8.3M Accounted for Half Network’s Total
San Diego Tech Coast Angels, the largest chapter of Tech Coast Angels, the second-biggest angel investing organization in the United States, announced that its 2014 investments reached an all-time record.
Financial markets responded positively to news that Qualcomm had settled its antitrust dispute with China, sending shares 4.7 percent higher Feb. 10, the first trading day after the pact became public.
San Diego-based TGG, a provider of outsourced accounting and business advisory services, announced that Andrew Ruff has been appointed as chief executive officer effective immediately. Matt Garrett, former CEO, is now executive chairman of the company.
Pure Financial Advisors, a Mission Valley-based financial planning and asset management firm, said it is opening an office in Woodland Hills on Feb. 23.
Home Bank of California, with a single office in Kearny Mesa, reported 2014 net income of $2.76 million, compared to $2.3 million for 2013.
The planned merger of Chula Vista’s Vibra Bank and Pacific Commerce Bank in Los Angeles may not go as smoothly as the banks’ top management would like.
ECONOMY: Despite Layoffs, Region Sees Continued Growth
San Diego managed to buck a national trend last year that saw the elimination of more than 100,000 high-tech jobs. Even though the region sustained several high-profile layoffs, it was able to create more jobs to make up for the cuts.
ACQUISITION: Cash And Stock Deal Is Valued at $287 Million
Two San Diego public semiconductor companies are joining forces.
BANKING: Unusual Income Streams Don’t Stop Mortgages
Borrowers who can’t meet stricter federal guidelines for “qualified mortgages” are now being courted by mortgage lenders willing to make the loans, but at a higher price.