San Diego Business Journal

SD FINANCE

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

Venture Capitalists Liked These 10 S.D. Companies Best

During 2016, San Diego saw 103 venture capital investments for a total of about $1.28 billion, according to a MoneyTree report released this week by PwC and CB Insights.

Two Indexes Show Region's Economic Health

A local economic index jumped in November by its biggest margin in more than half a year, owing to improvement in the areas of consumer confidence, residential permitting activity and initial claims for unemployment.

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Mast Therapeutics Merges With Austin-Based Biotech

Following a major clinical trial flop, San Diego’s public biotech Mast Therapeutics Inc. will merge with Austin, Texas-based Savara Inc.

Cohu Filing Could Put Big Bucks in Co.'s Hands

A recent securities filing shows Cohu Inc. is keeping its options open, and might want to raise more funds to finance future business opportunities.

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Silvergate Hires Former Head of San Diego Private Bank to Run Lending Group

Maria P. Kunac, the former CEO of San Diego Private Bank, has been tapped by Silvergate Bank to run its biggest lending unit.

Local Economic Index Shows November Gain

A local economic index jumped in November by its biggest margin in more than half a year, owing to improvement in the areas of consumer confidence, residential permitting activity and initial claims for unemployment.

Versant Ventures Announces Leader for New Fund's Investments in San Diego, Bay Area

Versant Ventures, a global health care investment firm, announced Thursday it has appointed Clare Ozawa to lead investments in San Diego and in the Bay Area in preparation for the launch of its new $400 million fund.

CUSO, Sorrento's New App Puts Portfolio Management in Clients' Mobile Devices

San Diego sister broker-dealers CUSO Financial Services LP and Sorrento Pacific Financial LLC have launched a new mobile application for use by the companies’ investment clients.

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Survivor Bell Makes Statement of Hope, Heroism With Each Ring

Childhood cancer patients at Rady Children’s Hospital received an inspirational opportunity to announce a victory milestone in their battles against cancer.

Regulators Move To Relax Report Rules

FINANCE: Small Banks Would Benefit From Proposed Changes

Federal banking regulators plan to relax quarterly reporting requirements for banks with less than $1 billion in assets and no overseas offices starting March 31.

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A ‘Weekend’ Without Borders

Google and Techstars’ regional event, Startup Weekend, is coming back to San Diego later this month, but this time the group is hosting its brainstorming session on both sides of the border.

Bank of Southern California Completes $7 Million Capital Offering

San Diego-based Bank of Southern California announced Wednesday it has completed a capital raise of $7 million through its second common stock offering in as many years.

Regulators Plan to Streamline Call Report Requirements for Small Banks

Federal banking regulators plan to relax quarterly reporting requirements for banks with less than $1 billion in assets and no overseas offices starting March 31.

Women Entrepreneurs Invited to Put Their Innovation to the Test in SBA Competition

The U.S. Small Business Administration on Dec. 29 announced the launch of its third annual nationwide business competition for women entrepreneurs.

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Sock Drive’s Success Measured in Feet, 46,490 to Be Exact

Organizers of a sock drive for area homeless youth blew through their goal of 5,000 and raised 23,245 pairs of socks — enough for virtually every homeless child in San Diego County.