Finance News Archive

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Showing 1-20 of 1562 stories from the past year.

Thanks partly to online competition, the number of bank branches throughout the United States as well as San Diego County shrank last year after five years of stagnation, according to the latest data from the Federal Deposit Insurance Corp.

Business and professional groups around San Diego will host speakers, mixers and expos this week.

For generations, parents have worried their children will have a tough time making it financially in a world that seems fraught with danger. And conventional wisdom says today’s millennials — those between the ages of 18 and 34 — don't have a chance.

San Diego Private Bank reported net profit of $723,000 for the third quarter of 2014. That’s up 58.6 percent from the same quarter last year, and an increase of 21.7 percent over the prior quarter.

Action and reaction. The markets continue to be buffered from nonfinancial circumstances. For instance, the attacks in Ottawa on Wednesday sent the Dow industrials down 153 points. However, once it appeared the situation in the Canadian capital was not the start of a wider terrorist attack, the markets calmed down and the Dow jumped 217 points yesterday.

Major Economic Releases

In planning retirement, deferring Social Security checks yields higher earnings, a Stanford professor recommends.

Jeffery Hurtik has joined Silvergate Bank as executive vice president and chief information officer.

Cubic Corp. announced it was awarded four firm fixed-price task order contracts under the U.S. Army Combined Arms Center indefinite delivery indefinite quantity, multiple award task order contract vehicle over the last several months, and Maxwell Technologies Inc. announced a joint development agreement with Corning Incorporated with the goal of advancing the state of capacitive energy storage technology by addressing the challenges frequently cited by ultracapacitor customers, including energy density, lifetime, operating environment, form factor and cost, according to company announcements, SEC filings and Bloomberg News.

San Diego Private Bank and First Security Business Bank have entered into a definitive agreement whereby San Diego Private Bank will acquire all the loans and assume all the deposits of First Security Business Bank.

San Diego's Guild Mortgage Co. has acquired Portland, Ore.-based Northwest Mortgage Group, with eight branches in Oregon and $842 million in loan volume in 2013.

The terror in Ottawa took stock prices lower yesterday. The markets had been meandering throughout early morning trading, a brief respite after three consecutive winning sessions. However, things changed as word spread about the events in the Canadian capital and the markets turned south with the Dow industrials ending the session with a 153-point loss.

Major Economic Releases

While not perfect, the times appear very good for San Diego REITs.

Concerns about a violent incident in Canada on Wednesday sent stock prices lower, snapping a three-session winning streak.

Cytori Therapeutics Inc.: (Nasdaq: CYTX) announced that it received FDA approval to support the continuation of enrollment with its Athena cardiovascular trials, and Overland Storage Inc.: (Nasdaq: OVRL) announced the availability of its new NEO XL-Series family of automated tape libraries, according to company announcements, SEC filings and Bloomberg News.

The bulls are back. After several weeks of bearish activity -- the Dow industrials started this week down about 5 percent from the all-time high set on Sept. 19 -- the markets have been coming back with gusto.

Major Economic Releases

After a bang-up second quarter, venture capital took a slight tumble nationally in the third quarter, according to the Dow Jones VentureSource report and the PricewaterhouseCoopers MoneyTree report.

California had the fastest loan growth in the nation in the second quarter of 2014, with a 14 percent jump in lending spurred by commercial real estate and construction growth, particularly for multifamily housing, according to the latest data from the Federal Reserve.

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