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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Looking For A Venture

LEADERSHIP: Entrepreneur Keeps an Eye Out for Opportunity and Helps Others Discover the Business World

Al Darnell Jr. is a serial entrepreneur. In the past decade, he’s started a half-dozen companies, including a cleaning service, a mortgage brokerage and a network of 25-cent gumball machines.

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‘HI!’ TECH

STARTUP: App Helps the Introverted and Others Make Connections at Conferences

Yuanyuan Zhou’s top computer science students not only have to put their minds to work. They need to get out there and shake some hands.

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New ConAm Executive to Oversee Multifamily Property Management

The ConAm Group of Companies (ConAm) has named Julie Brawn-Whitesides as its new executive vice president of property management, as the San Diego-based firm aims to grow its national multifamily property management portfolio.

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ROIC Reports Increase in Second-Quarter Revenue

Retail Opportunity Investments Corp., also known as ROIC, reported total revenue of $46.2 million for its second quarter ending June 30, up from $36.9 million in the year-ago quarter.

Events.com, CrowdRise Partner to Create More Integrated Fundraising Platform

San Diego-based Events.com, an event management platform that facilitates the hosting and attending of events, and CrowdRise, an online platform dedicated exclusively to charitable fundraising, recently announced a partnership that will offer an integrated fundraising experience on one platform.

Spy Inc. Reports Net Loss of $516,000 in Q2

Spy Inc., the Carlsbad-based maker of glasses and goggles which come with an edgy attitude, reported a net loss of $516,000, or 4 cents per share, on net sales of $8.12 million in its second quarter, which ended June 30.

City Pushes New Stadium Finance Plan

City and county leaders have put forward a revised financing plan, renderings and draft environmental impact report for a proposed Mission Valley stadium, aiming for a January public vote contingent on the San Diego Chargers returning to negotiations.

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Rate Hike Reverberations Would Be Felt By Credit Unions

FINANCE: Conference Sees Long-Term Loans, Deposit Pictures Changing

Credit unions are preparing for a possible increase in Federal Reserve-controlled interest rates next month and the risk it could create for balance sheets with significant levels of long-term assets.

Ossic Is Attemping to Do Its Part for Virtual Reality: the Ears

STARTUP: Efforts at Audio Being Made to ‘Catch Up’ To Video Performance

Put on a pair of virtual reality goggles and your eyes start playing tricks on you.

Banks Lower Bar On Jumbo Loans

FINANCE: Hot High-End Market Stokes Competition

JPMorgan Chase & Co. is relaxing lending requirements for mortgages up to $3 million, the latest in a series of moves by major banks to allow higher-end borrowers to buy homes with smaller down payments and lower credit scores as investor demand for quality mortgages increases.

County Credit Unions Have $10 Billion in Loans to Members

San Diego County credit unions had $10 billion loaned out to members by June 30, nearly 17 percent more than the year before, the California Credit Union League said Thursday.

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Accelerator’s Mission Is About More Than Building Businesses

STARTUPS: Aim Is to Build Confidence, Culture For Women Entrepreneurs

It took a screening of “The Social Network” to help launch the University of California, San Diego’s startup accelerator for women.

Survey Finds Commercial Development Optimism Remains Strong

Statewide demand from industries including technology, advertising, media and information services is generating continued optimism among commercial real estate professionals, according to the latest twice-yearly survey by the law firm Allen Matkins and UCLA Anderson Forecast.

Gupta Wealth Passes $1B in Assets Under Management

San Diego-based Gupta Wealth Management on Tuesday said it had passed $1 billion in assets under management.

Silvergate Bank More Than Doubles Q2 Net Income

La Jolla-based Silvergate Bank on Tuesday posted second-quarter net income of $3.1 million, more than double the $1.5 million reported during the same period last year.