Industry specialists discuss the business of banking.
David Ely is a professor of finance and director of Graduate Business Programs for the College of Business Administration at San Diego State University.
Steve Cusato is senior vice president and manager of City National Bank's San Diego Commercial Banking Services.
For Aaron Carter, a musician who was struggling to fit a drum set, a piano and three guitars into his 600-square-foot apartment in Phoenix, the math on owning a home finally began to work in his favor.
WASHINGTON -- It's probably never a bad time to be rich. But the good times for America's wealthy could soon be a little less so.
PHOENIX (AP) — Each time Lance and Kelli Thorson thought they had found their first home, someone would outbid them. It's already happened at least 15 times.
As with virtually every other business, franchised businesses are feeling the pinch of the current financial downturn. Whether it is the nearby family-style restaurant or the corner convenience store, reduced revenues spell economic difficulty not only for the local business owner operating the franchised business, but for the large national franchisor whose network of hundreds of franchisees are all feeling the financial pinch.
Today, economists point to financial data that shows more than $500 billion in commercial real estate debt is coming due over the next three years. Nearly a third of this debt is scheduled to mature in 2009. At the same time, there is a lack of liquidity along with a substantial reduction in values, which will make it challenging for commercial property owners to refinance this debt. Commercial real estate values are likely to decline during this market instability.
For Aaron Carter, a musician who was struggling to fit a drum set, a piano and three guitars into his 600-square-foot apartment in Phoenix, the math on owning a home finally began to work in his favor.
WASHINGTON -- It's probably never a bad time to be rich. But the good times for America's wealthy could soon be a little less so.
PHOENIX (AP) — Each time Lance and Kelli Thorson thought they had found their first home, someone would outbid them. It's already happened at least 15 times.
Learn more about how San Diego businesses and business people are heavily affected by banking, finance and investment markets in this annual feature. All week long, we’ll take a special look at Investment Opportunities, Business and Personal Finance Options.
The experts weigh in on regulatory reform as our weeklong feature on finance and investing continues.
Find out what local advisers and analysts have to say about the state of the investment industry.
Local experts weigh in on the current financing environment and opportunities as we kick off this special week-long feature.
Learn more about how San Diego businesses and business people are heavily affected by banking, finance and investment markets in this annual feature. All week long, we’ll take a special look at Investment Opportunities, Business and Personal Finance Options.
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