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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VC Regatta Is Smooth Sailing for Making Relationships

They may not be signing any term sheets while out on the water for San Diego’s annual VC Regatta, but venture capitalists who came from out of town this year for the event say it is a way to meet members of San Diego’s startup scene and form in-person connections.

By Sarah de Crescenzo June 29, 2017 2:45 p.m. share »
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SoCal Alliance Seeks Entrepreneurial Clout

Iconic entrepreneurial ecosystems have sprouted up in the main regions of Southern California. San Diego is known for biotech. Orange County has a reputation for medtech and life sciences. And Los Angeles has spawned social media, entertainment and e-sports startups.

By Deirdre Newman June 29, 2017 2:29 p.m. share »

Probe of Qualcomm-NXP Merger Hits Snag

The European Commission has paused its antitrust investigation into Qualcomm Inc.’s acquisition of NXP Semiconductors N.V.

By Brad Graves June 29, 2017 12:07 p.m. share »

S.D. Adds 5,000 Construction Jobs

The number of construction jobs in San Diego hit 80,300 in May, 7 percent more than a year ago, according to the latest analysis from the Associated General Contractors of America of federal jobs data.

By Sarah de Crescenzo June 28, 2017 2:52 p.m. share »

S.D. Logs 2 IPOs So Far, Anticipates More by Year's End

The number and proceeds of initial public offerings globally this year look set to surpass 2016 after a robust first half of the year – and San Diego is following the trend, says Tim Holl, a partner in professional services firm EY’s local office.

By Sarah de Crescenzo June 27, 2017 4:01 p.m. share »

Does Fiduciary Rule Give RIAs Competitive Edge?

As the independent segment of the investment advisory business continues to grow, the U.S. Department of Labor’s recently implemented retirement-savings regulation, known as the fiduciary rule, may increase those advisers’ competitive advantage over traditional broker-dealers.

By Sarah de Crescenzo June 22, 2017 6:10 p.m. share »

Support CalCAP for Small-Business Lending

Small businesses provide economic opportunities, jobs and services we all rely on. But the future of a state program that helps entrepreneurs like us get the capital we need to launch and grow our businesses is in jeopardy.

By Hasani James & Ruben Wade June 22, 2017 1:45 p.m. share »
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Golf Becomes a Team Sport at Drives For Rides Tournament

The 5th annual Drives for Rides golf tournament benefitting the Emilio Nares Foundation, a nonprofit that helps families navigate their child’s journey through cancer, was hosted by gap intelligence at the Encinitas Ranch Golf Course. The event included a golf tournament with raffles and a silent auction, followed by a dinner banquet, during which guests heard from a family helped by the Emilio Nares Foundation.

By Stephanie Glidden June 22, 2017 1:38 p.m. share »
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Growth, Success Bring Seismic Challenges

From five guys working out of a basement in Solana Beach to a multimillion-dollar tech company employing hundreds, Seismic Software Inc. has become one of San Diego’s fastest-growing software firms.

By Brittany Meiling June 22, 2017 12:48 p.m. share »

CUSO Financial Services Adds 3 Credit Unions

San Diego's CUSO Financial Services LP recently announced it has added three Washington state-based credit unions to its roster.

By Sarah de Crescenzo June 22, 2017 11:51 a.m. share »

Former Vibra Bank Exec Pleads Guilty to Wire Fraud

Dan Schon, a former executive at Vibra Bank, pleaded guilty on Tuesday to wire fraud, according to a statement from the Office of the U.S. Attorney for the Southern District of California.

By Sarah de Crescenzo June 21, 2017 5:25 p.m. share »

HoyleCohen Merges With Libbie Agran Financial

HoyleCohen LLC, a wealth management and financial planning firm headquartered in San Diego, has merged with Santa Monica-based registered investment advisory firm Libbie Agran Financial Services & Seminars.

By Sarah de Crescenzo June 20, 2017 5:13 p.m. share »

Akcea Therapeutics Announces $100 Million IPO

Akcea Therapeutics, a spinout and subsidiary of Carlsbad drugmaker Ionis Pharmaceuticals, plans to raise $100 million in an initial public offering, the company announced Tuesday.

By Brittany Meiling June 20, 2017 3:07 p.m. share »
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Eroding Protections Is No Path to Fixing BOE

The State Board of Equalization has been in the headlines lately, after an evaluation by the Department of Finance revealed that the tax agency misused revenue-generating staff and misallocated some tax revenue among various funds. But rather than focusing on correcting these problems, some critics are trying to use the situation as an excuse to do away with taxpayer protections.

By Teresa Casazza June 19, 2017 3:54 p.m. share »
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‘Changing the Odds’ Gives Kids Chance to Excel at School, Life

United Way of San Diego County’s first “Changing the Odds Community Breakfast” was held recently at the San Diego Convention Center.

By Stephanie Glidden June 19, 2017 3:48 p.m. share »