After California’s largest home insurance provider said it wouldn’t issue new policies, consumer and insurance industry groups have ideas for what they’d like to see California do.
The turmoil that drove Silicon Valley Bank and Signature Bank out of business, rocking the wider banking sector, has analysts bracing for the next possible crisis: the $20 trillion commercial real estate market.
Applied Materials' 180,000-square-foot facility is expected to employ 1,500 construction workers during construction and 2,000 engineering jobs once construction is complete.
Prosecutors said Botox injections and lip fillers were illegally administered at a home med spa in San Jose, resulting in criminal charges for practicing medicine without a license.
Senators derided SVB's former CEO Gregory Becker at a hearing about the reasons for the failure of his bank. “It sounds a lot like ‘my dog ate my homework,’” one said
The bribes included $55,000 in payments for holiday parties a San Francisco public works manager hosted for friends, political supporters and select public works employees, from October 2017 through January 2020.
The lawsuit alleges that Google leverages control over online advertising, driving out competition and receiving profits that far exceed what could be made in a competitive market.
As part of its deal, all 84 First Republic branches in eight states – including seven in Santa Clara County, 15 in San Francisco, six in San Mateo County, eight in the East Bay and 17 in Southern California – will reopen this morning as JPMorgan branches.
A Sunday night deadline loomed as JPMorgan and PNC were said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.
A California housing law grants generous benefits to builders who agree to only hire union workers. Trouble is, few if any builders found a way to do it.
The April 21 downgrading of the credit ratings of 11 regional banks by Moody’s raised new doubts about their stability, while their leaders said the turmoil spurred by last month’s collapse of Silicon Valley Bank has passed.
The March 27 purchase by First Citizens Bancshares of all assets and liabilities of the failed Silicon Valley Bank did not include a community reinvestment pledge signed by SVB in 2021 as part of an acquisiton of Boston Private Bank.