Get an in-depth look at the state of our local economy, stock market conditions, local banking issues and investment options in this quarterly report.
Dixieline Builders Fund Control-ProBuild has been successfully serving the builders and construction lenders of Southern California since its creation in 1965 by Dixieline Lumber Co. founder Bill Cowling. Fund Control serves as an escrow funding operation for builders, homeowners and lenders.
This year's mortgage boom and subsequent demise of the housing market is a result of individuals defaulting on their home loans and their banking institution foreclosing on their properties. The housing environment, as well as the consequential situation, necessitated the government bailout of $700 billion.
A lineup of finance and commercial real estate leaders addressed today's volatile economic climate at the eighth annual Trigild Lender Conference, and all came to a common consensus: "The worst is yet to come." Most agreed that the situation will not start to improve until the first quarter of 2010.
Local consumer confidence is only half what it was a year ago and the index of leading economic indicators has fallen 28 out of the last 29 months, but San Diego is still doing better than Los Angeles, San Francisco or New York, according to local economists.
Tracing the roots of annuities, a popular modern investment vehicle, shows it has staying power. Two thousand years ago, Roman citizens made a one-time payment to the annuity -- known then as annua, or "annual stipends" -- in exchange for once-a-year lifetime payments.
In an uncertain economy, business owners can find themselves strapped for cash.
As a role model to female bankers, Gail Jensen-Bigknife is one of only a handful of female chief credit officers in the region. Six years ago, she helped found Security Business Bank, where she now serves as chief credit officer and executive vice president. She has decades of experience in banking, including service with California First Bank (now Union Bank of California), San Diego National Bank, which she also co-founded, Peninsula Bank of San Diego and U.S. Bank.
Baby Boomers have pumped up the global economy with their profligate ways for nearly two decades. It's been a great party. Now the music's over.
Lower home prices are luring some buyers back into the U.S. housing market, but foreclosures and a weakening economy are likely to keep downward pressure on prices for at least another year, economists say.
The dollar is king of the hill again -- at least for now.
San Diego County Credit Union, serving San Diego County since 1938, is the largest locally based financial institution and is safe and secure for depositors and borrowers. SDCCU is well capitalized, significantly beyond the minimum regulatory requirements. SDCCU has seen tremendous growth within the last decade, expanding to 25 branch locations with plans to open its newest branch in Orange County in early 2009. This allows it to serve the entire Southern California region with first-class financial products and services.
The landscape of the financial services industry changes daily as fallout from toxic subprime mortgages and the unprecedented credit crisis continue to wreak havoc on many of our nation's financial institutions. More than ever before, consumers and businesses alike need a bank they can trust. A bank they can trust to safeguard their deposits and trust to invest their capital wisely.
The world of banking has changed in ways that few anticipated or assumed could ever happen. Blame it on the economy, Congress, regulators, bad mortgage loans, greedy consumers. To be sure, there is plenty of blame to go around. And plenty more changes to come.
Business-as-usual may be the best approach for companies looking to ride out the rapidly changing economy, experts said Friday during The Chairmen’s Roundtable on “Doing Business in Tough Times” at California State University, San Marcos.
The financial industry ups and downs have been likened this year to baseball -- without the requisite cheering. Jim Wening, senior vice president, regional manager of commercial banking for U.S. Bank in San Diego, looks back to his summertime market predictions and says with a laugh: "I was right."
When John Sotoodeh talks about investments, he's talking about people as well as fiscal strategy.
With the current turmoil in the financial markets, the old adage "as good as gold" is taking on new significance.
Baby Boomers have pumped up the global economy with their profligate ways for nearly two decades. It's been a great party. Now the music's over.
Lower home prices are luring some buyers back into the U.S. housing market, but foreclosures and a weakening economy are likely to keep downward pressure on prices for at least another year, economists say.
The dollar is king of the hill again -- at least for now.
The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.
The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.
The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.
The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.
The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.
The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.
The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.
The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.
The Banking & Finance Quarterly report takes an in-depth look at the local economy, market conditions, financial institutions and more.
This quarterly edition of Banking & Finance focuses on the latest in taxes and investments, as well as the financial impact of sequestration.
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