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.

Cindy Chavez’ strong Democratic Party and organized labor credentials had vaulted the Santa Clara County supervisor to the top of the list of candidates for Chief Administrative Officer, but these strengths could prove to be her undoing.

At the same time, as the layoffs continued a six-month trend of Silicon Valley downsizing, overall statewide employment slipped slightly, unemployment claims grew and the total number of unemployed Californians grew.

Joanne Segovia is accused of buying and distributing opioids for eight years, running some transactions from her San Jose Police Officers’ Association office.

Two weeks after the bank failed, the fallout has hit the start-up market as investors pull back further.

The Federal Deposit Insurance Corporation, ending its search for a buyer of the failed Silicon Valley Bank, announced late Sunday a government-backed deal in which First Citizens Bancorp will buy the bank's loans and assets.

California ended its voluntary statewide target, triggering concerns from experts that many water supplies remain depleted. In Santa Clara County, Valley Water is to reveal its local water outlook in mid-April.

Many more gun owners are seeking California concealed carry permits, even in blue, coastal counties. Gov. Newsom and Democrats in the Legislature are trying again to limit where weapons are allowed.

The picture that is emerging of SVB is one of a bank whose leaders failed to plan for a realistic future and neglected looming financial and operational problems, even as they were raised by Fed supervisors.

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.

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

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 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.

The atmospheric river will be most severe on Friday, with a flood watch already in effect today through Sunday, a wind advisory today and tomorrow for the entire Bay Area and Gov. Gavin Newsom declaring a state of emergency for Santa Clara and 20 other counties.

State water supply experts say it will also take more than one good year of heavy snow to begin recovery of the state's groundwater basins from several years of drought.

With some Medi-Cal enrollees no longer qualifying or unaware they need to renew their coverage, officials estimate 2 million to 3 million people could lose their health insurance.