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.

In the 1960s the San Jose State grad predicted the rapid advances in computer chip technology, which became known as the iconic Moore's Law, charting a course for the age of high tech.

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.

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

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.

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.

Tesla's new global engineering and AI headquarters will take over Hewlett Packard's original headquarters on Page Mill Road in Palo Alto.

One of the world’s richest regions has some of its starkest divides, with its top 10% of households holding two-thirds of its wealth, according to a new study of Santa Clara and San Mateo counties.

Independent political action committees were big spenders for the 2022 mayoral candidates.

The city’s shifting demographics, a continuing affordable housing shortage, endemic homelessness, a looming budget deficit and the reality of five council elections – plus another mayoral ballot – in just two years create additional uncertainties.

President Biden signed a law banning nearly 4 million federal employees from having TikTok on their government phones, over national security concerns. This week, New Jersey and Ohio joined at least 20 other states in restricting access to TikTok, amid fears that the Chinese government could use the app to spy on Americans. Will California jump on the TikTok ban bandwagon?

Sivannarayana Barama’s trades based on confidential information obtained ahead of four different Palo Alto Networks earnings announcements at times resulted in profits of more than five times the amount he invested.

In his new position, Guardino will work with public officials to give broadband programs wider reach and faster implementation.

Standing in contrast are big companies that have not given to any of the 147 election deniers through corporate PACs during this election cycle, including tech giants like Amazon, Alphabet and Microsoft and Wall Street powerhouses like JPMorgan Chase, Morgan Stanley and BlackRock.

When Scott Knies joined SJDA, it was already incorporated, Business Improvement District consultants had already been engaged, city funding had been approved, a dozen board meetings had been held and a diverse 23-member board representing the business community was hard at work.