Read about local banking leaders and their financial institutions, national industry trends and more.
San Diego County’s community and regional banks generated 26 percent more loans between January and June than during the first half of last year, with the total amount rising from $11.5 billion to $14.5 billion as credit pipelines opened up for customers -- especially homebuyers and small and midsized businesses.
NEW YORK — You already can invest your retirement money and your kid's college savings on Wall Street. Next on the list: your health care.
Apartments continue to be the “darling” of the capital markets as debt and equity capital continues to flow into apartment projects in supply constrained primary and secondary markets.
NEW YORK — Bank of America Corp. has agreed to pay $39 million to settle claims of gender bias by women in its Merrill Lynch brokerage division.
It's not all doom and gloom for bond investors.
Bank of America Corp., the second-largest U.S. lender, will eliminate about 2,100 jobs and shutter 16 mortgage offices as rising interest rates weaken loan demand, said two people with direct knowledge of the plans.
NEW YORK — Total U.S. money market mutual fund assets fell $4.86 billion to $2.639 trillion for the week that ended Sept. 4, according to the Investment Company Institute.
WASHINGTON — Americans cut back on using their credit cards in July for the second straight month, while taking on more debt to buy cars and attend school. The decline in credit card use suggests consumers remain cautious, a trend that could hold back economic growth.
First PacTrust Bancorp Inc., the multibank holding company for Pacific Trust Bank and Beach Business Bank, announced earlier this summer it has completed the acquisition of The Private Bank of California. The acquisition was accomplished by merging The Private Bank of California into Beach. Upon closing of the transaction, Beach was renamed The Private Bank of California.
DETROIT — Americans are paying record prices for new cars and trucks, and they have only themselves to blame.
Steve Espino and Dave Stong both serve as senior vice president and commercial banking market managers for AmericanWest Bank. Together, these two experienced bankers lead AmericanWest Bank’s San Diego commercial banking team. Both have been bankers in this region their entire career and they use their extensive knowledge to help local businesses achieve their financial goals.
If you are a multibillion dollar corporation, you have an entire financial department with CPAs to help find the right banking relationship. This article isn’t for you. But, if you are like so many small-to-medium sized San Diego businesses, where you, as the owner or CEO, are wearing more hats than you can possibly hang on your hat rack, here are some suggestions:
With more than 20 years of financial institution industry experience, Teresa Halleck currently serves as the president and CEO of San Diego County Credit Union. Since Halleck was named president and CEO, SDCCU has grown its membership base by over 13 percent with more than 250,000 customers and asset growth to exceed $6.2 billion dollars.
Regional lenders including Fifth Third Bancorp and BB&T Corp. are rooting for the Federal Reserve to let interest rates rise, a move that could help their results more than at some of the biggest Wall Street firms.
NYSE Euronext, the owner of the New York Stock Exchange, bought a minority stake in ACE Group Inc., which operates a platform for companies to sell stocks, bonds and other securities privately.
The bond market is helping to make Sprint Corp.’s promises to its bank lenders irrelevant.
Taxpayers who still believe they can hide secret Swiss bank accounts from the Internal Revenue Service are “beyond foolish,” the top U.S. tax prosecutor said as a five-year crackdown expands to new offshore havens.
When it comes to California's finances, most people agree that the state is in serious trouble, and many point to government pensions as the main culprit.
The message was clear and resounding at a Protect Proposition 13 breakfast panel Sept. 4: “It’s not a rich guy vs. poor guy, or have vs. have not, or 98 vs. 2 percent issue; it’s just really the life and soul of our community is going to be affected here,” said Jim Taylor, president of the Commercial Real Estate Alliance of San Diego.
The San Diego Association of Governments’ iCommute program is accepting online registration for the SANDAG Rideshare 2013 Corporate Challenge, giving employers around the county a reason to compete for environmental sustainability bragging rights.
It was during his second retirement from a tremendously successful career in the financial industry that visionary investment banker Stephen H. Gordon perceived a need -- particularly here on the West Coast in the aftermath of the banking crisis -- for a bank that embodied the tenets of what he refers to as “The House of Morgan.” That is, a bank that harkened back to the old days of banking, when clients respected the system and the system actually respected its clients.
Ben Frank might have chosen to work for his family's water-ski school at Lake Arrowhead, but he developed an affinity for the banking industry during an internship as a student at Chapman University. Rather than following in his family’s footsteps, Frank, the executive vice president and chief lending officer of Sunwest Bank, gleaned an invaluable perspective from his late grandfather, who founded the water-ski school about 75 years ago.
With so many of San Diego's populace having come to live here from outside the market, finding a native San Diegan these days is a seemingly difficult task. Not so at Torrey Pines Bank, where native San Diegans are considered among the bank's many assets, said to John Maguire, its president and chief operating officer.
Read about local banking leaders and their financial institutions.
Read about local banking leaders and their financial institutions, how to invest in this economy, national industry trends and more.
Read about local banking leaders and their financial institutions, investment information, economic indicators and more.
This annual publication focuses on local banking leaders and their financial institutions.
Read about local banking leaders and their financial institutions, and how they're handling the current financial crisis.
Read about local banking and finance executives, updates on real estate financing and subprime loans, Internet banking and more in this special annual report.
San Diego's economy remains dynamic and robust, and competition among area banks remains tough. Learn more about who's who in San Diego banking as we profile local leaders in this annual report.
Find out what's going on among local banks -- who are some of the new faces, how are banks holding up against competition -- in this annual report. We'll profile local banking leaders and share FDIC data on their institutions.