Prosecutors said the suspect misappropriated and diverted more than $7.3 million of investor funds for his own personal benefit, which included paying credit card debts; making cash withdrawals; paying for travel, luxury automobile and jewelry purchases; and paying utilities bills.

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.  

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.

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.

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

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.

Prosecutors said the two men decided they would rather destroy their political opponents’ building than acknowledge they lost an election and rely on the political process.

San Jose and San Francisco scored well in just one category -- investment -- with the San Jose metro area attracting the most venture capital funding of the 25 measured regions. San Francisco ranked eighth, near Philadelphia and New York.

Without additional revenue from fares, new taxes or some other source, BART is on track to run out of pandemic-era emergency relief funding by mid-2025.

If he is confirmed, Ismail Ramsey will replace acting U.S. Attorney Stephanie Hinds, who has served in the role since Feb. 2021, when previous U.S. Attorney for the Northern District of California David Anderson announced that he would step down following Biden's inauguration.

In a 32-page report released this week, the investigation by San Francisco law firm Renne Public Law Group affirmed seven of 21 allegations Kremen that the board had accumulated from employees, most of them anonymous; rejected 10 allegations and reported there was insufficient evidence in another four.

Today’s Homekey awards include $51.6 million for 204 interim units in San Jose and $26.6 million for 108 interim units in Palo Alto.

The Supreme Court ruling overturning a strict New York law on who can carry concealed weapons will likely lead to a challenge of California gun laws.

The Justice Department said Twitter obtained data from more than 140 million users for security purposes but then used data to target users with ads, the company's primary source of revenue.

James Ahrens was charged with two felony counts of embezzling over $150,000 from Partners in Innovation, a San Francisco-based nonprofit that serves schools and educators across the U.S.