San Diego Business Journal

SD FINANCE

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

RiverVest Venture Partners Opens Office in San Diego

St. Louis-based RiverVest Venture Partners, a life sciences investment firm, said Thursday it had opened an office in San Diego led by newly installed managing director Nancy Hong.

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San Dieguito River Valley Conservancy Event a Glowing Success

The San Dieguito River Valley Conservancy recently held its 30th Anniversary Wax & Wine event in partnership with the Knorr Candle Factory. The conservancy raised $5,500 and received a generous donation from the Knorr Candle Factory. Guitarist Bill Fleming serenaded guests as they toured the gardens of Knorr, and learned how to make their own beeswax candle.

Wealth Managers Need to Take Own Advice on Succession

FINANCE: Planning Is A Must for Their Own And Their Clients’ Sakes

For years, wealth managers Bob and Peg Eddy had a letter ready for their clients with important advice.

Biotechs Vs. a Bear Market: Winners and Losers

FINANCE: The View From Q1 2016 Shows Success Still an Option

These are dark days for biotech investors. The public and media criticism over high drug prices — and the uncertainty over whether drugmakers will face some kind of crackdown — has cast a cloud over those who invest in the pharmaceutical industry.

Few Signs of Life in the S.D. 2016 IPO Scene

FINANCE: Life Science IPO Crawl Comes to Halt as Market Faces Uncertainties

San Diego biotech companies — normally trailblazers for local IPO activity — have been noticeably absent from the initial public offering deck since last spring.

West Partners Becomes Majority Investor in Javlin Capital

West Partners, the investment arm of the Gary & Mary West Family Office, said Tuesday it had become a majority investor in Omaha-based Javlin Capital.

Alternative Lender National Funding to Sponsor San Diego Padres

Alternative lender National Funding is the latest sponsor of the San Diego Padres, the financial technology company said Wednesday.

Governor Signs Bill Hiking Minimum Wage to $15 by 2022

Gov. Jerry Brown on Monday signed legislation raising California’s minimum wage to $15 an hour by 2022, the highest state wage floor in the county.

BofI Federal Bank Acquires Bulk of Pacific Western Bank's Finance Division

BofI Federal Bank has acquired a substantial portion of Pacific Western Bank’s equipment finance division, the bank said Monday, including the division’s entire senior management team and $140 million worth of equipment leases.

Regional Economic Index Inched Slowly Up in February

An index tracking San Diego’s economic health barely edged up in February as plunging local stock prices balanced out positive momentum in online job ads and unemployment claims.

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Sycuan’s Commitment to Community Seen in CAF Gift

NBA Hall of Famer Bill Walton accepted a $50,000 check from Sycuan Casino on behalf of the Challenged Athletes Foundation. The donation is part of the casino’s promise to the San Diego-based nonprofit to donate at least 5 percent of its GameDay Sports Bar & Grill’s annual sales, which began in 2012.

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Renovate to Expand Outside of California With PACE Loans

FINANCE: Company To Offer a Commercial Version of Its Lending

Renovate America, by far the largest provider nationwide for a clean energy financing initiative called PACE, is set to capitalize on its leading position next month as it expands outside California and launches a commercial version of its product.

State Action on Wages Could Affect S.D. Vote

WORKFORCE: Measure Would Still Change Sick Days

Gov. Jerry Brown’s support last month of a plan to bring California’s minimum wage to $15 an hour is complicating the campaign over a June ballot measure that would boost San Diego’s minimum wage to $11.50.

State Chamber of Commerce Releases List of 'Job-Killer' Bills

The California Chamber of Commerce released its annual list of “job killer” bills on Tuesday – and the tally of 18 so far is fewer than in recent years.

Figtree Financing Raises $30 Million to Expand Program

Figtree Financing on Monday said it had raised $30 million to expand its commercial clean energy financing program outside California and launch a residential program.