San Diego Business Journal

SD FINANCE

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

SmartDrive Systems Raises $50 Million in Venture Funding

SmartDrive Systems said on March 30 that it raised $50 million of additional venture funding.

By Brad Graves March 31, 2015 3:08 p.m.   Share

Microlender Accion Issues $3.4M in Loans for 2015

Nonprofit microlender Accion said it issued $3.4 million in loans last year.

Wells Fargo Donates $5 Million to Nonprofit to Boost Homebuying Opportunities

Wells Fargo said it was donating $5 million to affordable housing nonprofit NeighborWorks America for a program to foster San Diego home ownership.

Reva Medical Raises $11.4M in Stock Sale to Goldman Sachs

San Diego’s Reva Medical Inc. will receive $11.4 million from a sale of its stock to Goldman Sachs International.

Workforce Partnership Heading to White House Event to Present Its Winning Proposal for Placing Laid-Off Workers

The San Diego Workforce Partnership will present their winning proposal on Rapid Re-Employment for Dislocated Workers at the White House Learning Exchange and Celebration Feb. 16.

LoanHero Names Blume Chief Risk Officer

LoanHero, an alternative lender focused on brick-and-mortar retailers, announced it had hired Matthias Blume as its chief risk officer.

Tease photo

Eleven Nonprofits Share $215,000 in Grants to Help HIV/AIDS

The San Diego HIV Funding Collaborative, a grant program of the San Diego Human Dignity Foundation, awarded more than $215,000 to 11 local nonprofits in support of ending new HIV infections and to underwrite critical services for women, men, and youth affected by HIV/AIDS.

Amplyx Pharmaceuticals Hires More Execs, Raises $8.7M

San Diego’s Amplyx Pharmaceuticals is beefing up its executive team and tacking on an additional $8.7 million to its recent Series B round, upping the total for that round to $49.2 million.

Proposed Minimum Wage Hike Headed to June Ballot

San Diego voters will have the chance to approve a minimum wage hike for the city, as the City Council on Monday unanimously voted to add the measure to the June 7 ballot.

Climate Collaborative Receives Grant for Protecting Region’s Coastline

The San Diego Regional Climate Collaborative has received a $689,500 federal grant to protect the coastline from El Nino storms and flooding.

Turtle Beach Raises $6.2M in Stock Offerings

Video game headset maker Turtle Beach Corp. on Feb. 5 said it sold $6.7 million worth of shares this week, using the proceeds to shore up its working capital line of credit.

Aethlon Medical Reports Q3 Results

Aethlon Medical Inc., a company that makes a blood-filtering device to treat infectious disease and cancer, reported financial results for its fiscal 2016 third quarter.

S.D. Economy Showing Modest Growth, Index Finds

An index tracking San Diego’s economic health rose in November and December, marking three consecutive months of modest growth after a gloomy summer.

Tease photo

Many Children’s Wishes Will Come True Thanks to Couple

Make-A-Wish San Diego recently created an exclusive President’s Circle to help make every wish come true for San Diego children diagnosed with a life-threatening illness. Currently, one in three medically eligible children in San Diego has not been granted a wish.

Tease photo

Pay Parity

New State Law Broadens Efforts to Narrow Gender Wage Gap

Women still make less than men in a majority of industries (79 cents on the dollar by most accounts) despite state and federal laws aimed at narrowing the gender pay gap.

Tease photo

SEC Takes Aim at Products and People

FINANCE: Risky ETFs, Past Conduct of Advisors on Radar

The Securities and Exchange Commission’s division tasked with keeping watch over the nation’s investment advisors and broker-dealers is paying closer attention to the marketing of popular investment products and plans to track which firms hire employees with a history of misconduct.