San Diego Business Journal

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

Accion Loaned More Than $3.5 Million in 2016

San Diego-based microlender Accion loaned more than $3.5 million to entrepreneurs in Southern California in 2016, the organization announced Monday.

By Sarah de Crescenzo March 6, 2017 3:34 p.m. share »

San Diego's Unemployment Rate Increases in January

San Diego County’s unemployment rate reversed course in January with an increase of 40 basis points to a seasonally unadjusted 4.5 percent. That’s still significantly below the state and national levels, which rose more steeply, and an improvement on the local economy’s 4.8 percent reading a year before.

By John Cox March 5, 2017 1 p.m. share »

Local Economy's Momentum Continues

A San Diego-focused economic index inched upward for a third consecutive month in January, reaching a new post-recession high and adding momentum to the idea that the region might see stronger growth in 2017 than had been expected just a few months ago.

By John Cox March 3, 2017 12:22 p.m. share »

PICO Holdings Inc. Reports Q4, Yearly Results

La Jolla-based PICO Holdings Inc. reported a net loss of $8.8 million on revenues of $113.1 million in the fourth quarter of 2016 compared with a net loss of $1.2 million on $108.1 in revenues in the same quarter of the prior year.

By Sarah de Crescenzo March 3, 2017 9:45 a.m. share »

Who Do You Believe? Experts Trade Dueling Economic Outlooks

It was a classic case of dueling expectations.

By Lou Hirsh March 2, 2017 4:59 p.m. share »
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How Small Businesses Can Give in Big Ways

Our firm has provided pro bono office space to nonprofit organizations. It’s a low-cost and efficient way to support work that directly benefits our community. But, I asked myself why stop at office space? Why not offer our entire administrative/back office platform?

March 2, 2017 3:13 p.m. share »
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Program Helps Inmates Find, Follow a Business Career Path

The MUFG Union Bank Foundation announced that it donated $50,000 to nonprofit Defy Ventures to bring its successful “CEO of Your New Life” program to San Diego County’s Richard J. Donovan Correctional Facility.

By Stephanie Glidden March 2, 2017 3:09 p.m. share »
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Entrepreneur Makes the Pitch For Less Formality, More Fun

What do new transplants think of San Diego’s startup scene? Last week, we spoke with two CEOs who relocated from Silicon Valley. This week, we ask a solo entrepreneur how moving to San Diego impacted his business, if there were any surprises along the way, and what he’d like to see more of in San Diego.

By Brittany Meiling March 2, 2017 2:27 p.m. share »

How Did San Diego's Economy Fare in Q4 2016?

While the eyes of the nation focused on the presidential campaign and its aftermath, San Diego’s economy was doing what it does: create jobs, build homes, fill commercial space, attract capital – and provide material for a fourth-quarter 2016 economic summary released March 1.

By John Cox March 2, 2017 2:27 p.m. share »
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Adviser Found Software Solution for Rebalancing Portfolios

Rowling & Associates principal Sheryl Rowling says investment advisers believe they know everything. She’s quick to admit she’s no exception.

By Sarah de Crescenzo March 2, 2017 2:22 p.m. share »
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Board Appointment Strengthens Cross-Border Startup Ties

Local startup community organizers are spearheading another attempt to connect Tijuana’s technology hub with San Diego’s.

By Brittany Meiling March 2, 2017 2:17 p.m. share »
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Venture Capitalist to Advise Software Co. Ciphrex Corp.

Alyse Killeen, a venture capitalist with a history of investing in the digital currency bitcoin, has joined San Diego-based Ciphrex Corp.’s board of advisors.

By Sarah de Crescenzo March 2, 2017 1:47 p.m. share »
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Merger of North Island, California Credit Unions Approved

San Diego-based North Island Credit Union and California Credit Union, headquartered in Glendale, will merge effective March 1.

By Sarah de Crescenzo February 28, 2017 2:37 p.m. share »

Renovate America Closes $200 Million Credit Facility

San Diego-based Renovate America, a provider of financing for residential property-assessed clean energy programs, announced Tuesday that it has closed a $200 million credit facility with Bank of America.

By Sarah de Crescenzo February 28, 2017 2:28 p.m. share »

Realty Income Corp. Begins $645.8 Million Stock Offering

Realty Income Corp. has commenced a public stock offering with expected net proceeds of approximately $645.8 million, the San Diego-based company announced.

By Lou Hirsh February 28, 2017 2:24 p.m. share »