San Jose Inside

Tiny homes from the state will help the City of San Jose reach Mayor Matt Mahan’s ambitious goal of sheltering 1,000 unhoused residents by the end of the year.

Gov. Gavin Newsom said $600 United Way checks are on their way to flood-affected farmworkers regardless of their immigration status — but he did not commit state funds to either undocumented workers or cannabis businesses, both of which don’t qualify for federal emergency aid.

The board approved more funds for senior housing, a land swap for supportive housing in Cupertino, an investment into rental assistance with seven non-profits, a new housing development in Milpitas and more affordable housing in Mountain View, some specifically for foster youth. 

Santa Clara District Attorney Jeff Rosen said that evidence shows that Jennifer Gries made up the rape stories because she was angry at a co-worker.

Bluster and hubris at Silicon Valley Bank built a bank that damaged others along the way.

The shockwaves and aftershocks of the failure of one bank are likely to linger for years, and these tremors will likely change the way companies are built in the future.

Moody’s downgraded the credit rating of six regional banks, including the holding company of San Jose’s Bridge Bank.

The college was on lockdown for more than two hours, after the security sent out alerts shortly after 11am that an armed intruder with a rifle was seen at the Saratoga campus.

Shares of Western Alliance Bancorp (WAL) – the parent company of San Jose’s Bridge Bank – took an 84% plunge in the first 90 minutes of trading, before rebounding to $23.09 per share by 1:30 EDT.

The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation announced in a joint statement Sunday that all Silicon Valley Bank depositors will have access to all of their money starting Monday, March 13, and that none of these costs will be paid by U.S. taxpayers.

For most banks, higher interest rates are good news because they can charge more for loans. But for SVB, they hurt.

Insiders told a business news network that the Santa Clara-based bank has historically paid employee bonuses on the second Friday of March.

State officials say the urgency to store more water has vanished as storms swell reservoirs. The reversal is a victory for environmentalists, but they say the damage to salmon and native fish is already done.

Adobe said 10 Oscar-nominated films used Adobe creative applications, including Everything Everywhere All at Once, Black Panther: Wakanda Forever and Top Gun: Maverick.

The FDIC move came less than two hours after a decision by tech funding giant SV Financial Group, parent company of Silicon Valley Bank, to halt trading shortly after markets opened this morning on NASDAQ – after its stock collapsed in 24 hours from $176.55 to $39.25 per share – sent shock waves across financial markets worldwide.