Parent company of Silicon Valley Bank files for bankruptcy
The parent company of Silicon Valley Bank has filed for Chapter 11 bankruptcy protection.
Bankruptcy
Silicon Valley Bank failure having worldwide repercussions
Across the Atlantic, startup companies woke up Saturday to find that Silicon Valley Bank's U.K. business will stop making payments or accepting deposits.
Sam Bankman-Fried's crypto exchange FTX files for bankruptcy
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
Celsius, once a crypto highflier, files for bankruptcy
The crypto firm said most account activity is still "paused." It's unclear whether depositors will get their money back.
2020 COVID Pandemic Killed Many Retail, Restaurant Chains: The Death Toll, Month-by-Month
The coronavirus pandemic, massive amounts of debt and a shift in shopping as well as dining habits created a lethal cocktail of bankruptcies and closures in 2020.
'Production And Logistics Hell' - Elon Musk Said Tesla Was Close To Bankruptcy
Tesla has become the most valuable and (by some measures) the most profitable automaker in the world. But a short while ago, the Bay Area based manufacturer of electric vehicles nearly toppled into bankruptcy.
High-End French Kitchen Retailer 'Sur La Table' Files For Chapter 11 Bankruptcy
The French kitchen goods store that has brought a bit of provence to American cooks, 'Sur La Table' filed for Voluntary Chapter 11 bankruptcy.
24 Hour Fitness Files For Bankruptcy, Blames Coronavirus Pandemic
National gym chain 24 Hour Fitness, based in San Ramon, has filed for bankruptcy after the Covid-19 pandemic forced its facilities shut for months.
PG&E Leaving San Francisco After 115 Years; Moving Headquarters To Oakland
Pacific Gas and Electric Corporation announced Monday it is leaving its longtime headquarters in San Francisco, established more than 100 years ago, and moving across the bay to Oakland.
Federal Judge Calls PG&E 'Recalcitrant Criminal,' Delays New Probation Ruling
A federal judge in San Francisco called PG&E "a recalcitrant criminal" at a hearing on Thursday, but delayed ruling on whether to impose additional strict probation conditions aimed at preventing catastrophic wildfires.
Hertz Car Rental Files For Bankruptcy Due To Coronavirus Pandemic
Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business.
JCPenney To Close Nearly 30% Of Its Stores In Bankruptcy Plan
JCPenney plans to close nearly 200 stores this year and an additional 50 stores next year.
COVID-19 Pandemic Pushes Troubled Retailer J.C. Penney To Bankruptcy
The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
PG&E To Use Funds For Wildfire Victims To Pay For Camp Fire Crimes
PG&E is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can't pay for its criminal liability in the deadly Camp Fire by taking money away from a fund set up to compensate victims for their losses.
PG&E Reaches Bankruptcy Deal With Gov. Newsom
Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday for the nation's largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires.
Court Approves PG&E's $23 Billion Financing Plan To Pay For California's Catastrophic Wildfires
PG&E won court approval to raise $23 billion to help pay its bills over destructive California wildfires after Gov. Gavin Newsom dropped his opposition to a financing package designed to help the nation's largest utility get out of bankruptcy.
Federal Judge Rips PG&E's Wildfire Mitigation Shortfalls, Demands It Hire More Tree Trimmers
A federal judge scolded PG&E officials Wednesday, harshly criticizing them for falling short on the utility's wildfire mitigation plan and threatening to withhold their executive bonuses.
Pier 1 Imports Files For Bankruptcy Protection
California Gold-Rush-Era Newspaper Publisher McClatchy Files for Bankruptcy
McClatchy, the publisher of the Sacramento Bee, Miami Herald and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks
PG&E Clears Another Bankruptcy Hurdle With Debt Refinancing
A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles from the state of California.
PG&E Scrambles to Renegotiate Wildfire Deal That Newsom Nixed
Gov. Newsom's opposition to PG&E's restructuring plan a week after it struck a $13.5 billion settlement with fire victims is forcing the nation's largest utility to go back to the negotiating table and come up with a solution quickly.
PG&E's $13.5 Billion Deal With Fire Victims Removes Huge Obstacles
PG&E will be able to avoid two legal obstacles that could have tripped up its efforts to bounce back from bankruptcy if a $13.5 billion settlement with victims of catastrophic fires blamed on the utility's equipment is approved.
Sears, Kmart To Shut Down 4 Bay Area Locations In Latest Round Of Closures
The company that owns retailers Sears and Kmart announced that it plans to close nearly 100 stores nationwide by early next year, including four locations in the Bay Area.
PG&E Exec Meets With Gov. Newsom Amid Bankruptcy Case
California's governor called the chief executive of a troubled utility to his office on Tuesday for a closed-door meeting as the company struggles to emerge from a high-profile bankruptcy while facing criticism for its practice of shutting off power for millions of people to prevent wildfires.
Gov. Newsom Seeks Quick Fix To PG&E Bankruptcy
California Gov. Gavin Newsom said Friday that he wants to speed up the troubled Pacific Gas & Electric bankruptcy case so the company can be restructured in time for next year's wildfire season.
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FDIC: First-Citizens Bank to purchase assets of Silicon Valley Bank
The FDIC announced late Sunday that North Carolina-based First-Citizens Bank & Trust Company will purchase all deposits and loans of Silicon Valley Bank.
Beloved Oakland barbeque spot Everett & Jones hit twice by burglars in 2 days
The family that owns the popular Oakland barbeque restaurant Everett & Jones is angry after the Jack London Square spot was hit twice by thieves last week.
Police investigate possible attempted child abduction in Albany's University Village
UC Berkeley police said on Twitter at 10:14 p.m. Sunday that a man chased a child around 7:30 p.m. in the area of Gooding Way and Ohlone Village, in University Village in Albany.
Woman cyclist struck and killed in San Jose hit-and-run
A woman was killed by a hit-and-run driver Sunday evening, San Jose police said.
Late 3-pointers lift Timberwolves over Warriors
The Timberwolves held off the Warriors 99-96 on Sunday night to keep things interesting in the wild Western Conference playoff standings.
Latest Stories
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FDIC: First-Citizens Bank to purchase assets of Silicon Valley Bank
The FDIC announced late Sunday that North Carolina-based First-Citizens Bank & Trust Company will purchase all deposits and loans of Silicon Valley Bank.
Beloved Oakland barbeque spot Everett & Jones hit twice by burglars in 2 days
The family that owns the popular Oakland barbeque restaurant Everett & Jones is angry after the Jack London Square spot was hit twice by thieves last week.
Police investigate possible attempted child abduction in Albany's University Village
UC Berkeley police said on Twitter at 10:14 p.m. Sunday that a man chased a child around 7:30 p.m. in the area of Gooding Way and Ohlone Village, in University Village in Albany.
Woman cyclist struck and killed in San Jose hit-and-run
A woman was killed by a hit-and-run driver Sunday evening, San Jose police said.
Late 3-pointers lift Timberwolves over Warriors
The Timberwolves held off the Warriors 99-96 on Sunday night to keep things interesting in the wild Western Conference playoff standings.
SF & Peninsula News
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Twitter: Parts of social media company's source code leaked online
Some parts of Twitter's source code _ the fundamental computer code on which the social network runs _ were leaked online, the social media company said in a legal filing on Sunday that was first reported by The New York Times.
San Bruno considers interim city manager appointment as search continues
San Bruno city leaders will consider appointment of an interim city manager as it conducts an executive search for a permanent replacement.
Unincorporated San Mateo County minimum wage goes up in April
Those who work for minimum wage in unincorporated San Mateo County will see their hourly rate rise beginning April 1.
SFPD offers $25,000 reward to solve 2020 fatal shooting of 19-year-old
San Francisco police on Friday announced a $25,000 reward for information on the fatal shooting of a 19-year-old man in the city's Bayview District in 2020.
77-year-old San Francisco man missing since Monday, believed to be at-risk
The San Francisco Police Department is asking for the public's help in searching for a 77-year-old Sunset District man who is missing and is believed to be at-risk.
East Bay News
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Beloved Oakland barbeque spot Everett & Jones hit twice by burglars in 2 days
The family that owns the popular Oakland barbeque restaurant Everett & Jones is angry after the Jack London Square spot was hit twice by thieves last week.
Police investigate possible attempted child abduction in Albany's University Village
UC Berkeley police said on Twitter at 10:14 p.m. Sunday that a man chased a child around 7:30 p.m. in the area of Gooding Way and Ohlone Village, in University Village in Albany.
Walnut Creek police arrest Stockton man for alleged attempted burglary, gun possession
Police in Walnut Creek arrested a Stockton man on Saturday for allegedly trying to burglarize a Crescent Drive home and illegally possessing a gun in his car.
Rep. Ro Khanna endorses Rep. Barbara Lee for U.S. Senate
U.S. Rep. Barbara Lee (D-Oakland) picked up an endorsement for her bid for U.S. Senate on Sunday from a fellow Bay Area House member, Ro Khanna (D-Fremont).
Warrant leads to 2 arrests at Pleasant Hill hotel; 1 pound of meth, gun seized
Police in Pleasant Hill on Saturday arrested two people at a local hotel while serving a warrant after discovering almost a pound of methamphetamine, a gun and evidence of drug sales.
South Bay News
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FDIC: First-Citizens Bank to purchase assets of Silicon Valley Bank
The FDIC announced late Sunday that North Carolina-based First-Citizens Bank & Trust Company will purchase all deposits and loans of Silicon Valley Bank.
Woman cyclist struck and killed in San Jose hit-and-run
A woman was killed by a hit-and-run driver Sunday evening, San Jose police said.
Victim hospitalized after San Jose stabbing
San Jose police are investigating a stabbing that sent one person to an area hospital Sunday afternoon, according to authorities.
Barricaded gunman shot by officers after daylong standoff in Gilroy
Authorities said early Sunday evening that a nine-hour standoff with a gunman barricaded in a Gilroy home has concluded.
Body of 7-year-old boy found in Monterey Bay following mom's drowning
The body of a 7-year-old boy was found in the waters of Monterey Bay days after his mother died in the same area, authorities said.
North Bay News
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Update: Southbound Hwy 101 in Novato reopens
Caltrans announced that all southbound lanes of Highway 101 from Lakeville Highway in Petaluma to Atherton Road in Novato have reopened.
Former Sebastopol mayor gets 7 years in prison for lewd conduct with a minor
A former mayor of Sebastopol got seven years in prison for sexual misconduct with a minor this past week, the Sonoma County District Attorney's Office said.
Napa County deputies arrest former winery employee in $10,000 wine theft
Authorities in Napa County arrested a man on suspicion of grand theft and vehicle theft Friday after he allegedly stole $10,000 in wine
Silverado Trail closed north of St. Helena due to downed power lines
Silverado Trail is closed north of St. Helena due to downed power lines Friday morning, Napa County officials said.
Two arrested in Petaluma suspected of vehicle theft, drug possession
Police in Petaluma on Thursday arrested two suspects in connection with a vehicle theft and other crimes.
Sports
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Late 3-pointers lift Timberwolves over Warriors
The Timberwolves held off the Warriors 99-96 on Sunday night to keep things interesting in the wild Western Conference playoff standings.
What's the buzz? The boys of Golden State Elite Hockey
A Bay Area youth hockey team won the state championship and will now represent California in the nationals in Minnesota.
Sharks fall to Flames 5-3
The Calgary Flames kept their playoff hopes alive with a big 5-3 win over the San Jose Sharks on Saturday.
Warriors rally back from 11 down to beat 76ers
The Golden State Warriors rallied past Joel Embiid and the Philadelphia 76ers 120-112 on Friday night.
Miami beats No. 1 seed Houston; all four top NCAA seeds out
Knocking No. 1 seed Houston out of the NCAA Tournament made Jim Larrañaga feel like dancing.
Bay Area Crime
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Beloved Oakland barbeque spot Everett & Jones hit twice by burglars in 2 days
The family that owns the popular Oakland barbeque restaurant Everett & Jones is angry after the Jack London Square spot was hit twice by thieves last week.
Police investigate possible attempted child abduction in Albany's University Village
UC Berkeley police said on Twitter at 10:14 p.m. Sunday that a man chased a child around 7:30 p.m. in the area of Gooding Way and Ohlone Village, in University Village in Albany.
Woman cyclist struck and killed in San Jose hit-and-run
A woman was killed by a hit-and-run driver Sunday evening, San Jose police said.
Victim hospitalized after San Jose stabbing
San Jose police are investigating a stabbing that sent one person to an area hospital Sunday afternoon, according to authorities.
Barricaded gunman shot by officers after daylong standoff in Gilroy
Authorities said early Sunday evening that a nine-hour standoff with a gunman barricaded in a Gilroy home has concluded.
Technology
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FDIC: First-Citizens Bank to purchase assets of Silicon Valley Bank
The FDIC announced late Sunday that North Carolina-based First-Citizens Bank & Trust Company will purchase all deposits and loans of Silicon Valley Bank.
Twitter: Parts of social media company's source code leaked online
Some parts of Twitter's source code _ the fundamental computer code on which the social network runs _ were leaked online, the social media company said in a legal filing on Sunday that was first reported by The New York Times.
Intel co-founder, creator of Silicon Valley's 'Moore's Law' dies at 94
Intel co-founder Gordon Moore, a Silicon Valley tech pioneer whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94.
Truckers preview next-generation electric big rigs at Port of Stockton
Northern California truck drivers and fleet operators got a look at the latest in electric-power, big rig technology at the Port of Stockton on Thursday.
Senators order former Silicon Valley Bank CEO to testify
Leaders of the Senate's banking committee on Thursday warned former chief executive officers at the failed Silicon Valley Bank and Signature Bank that they expect them to testify before the panel, saying in a letter to each: "you must answer for the bank's downfall."
Health
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California looks to spend Medicaid money on housing
California Gov. Gavin Newsom wants to use Medicaid money to pay for housing for some vulnerable people.
$25 / hour minimum wage proposed for California health workers
State lawmakers hope a minimum wage of $25 for all healthcare workers in California will help with a shortage in that industry, introducing legislation this session at the Capitol.
3 deaths linked to recalled eye drops
Three people have died from a drug-resistant bacteria linked to recalled eye drops. Manuel Bojorquez talks with one man who lost his sight following an infection.
Nurses at MarinHealth Medical Center reach deal, avert strike
Nurses with MarinHealth in the Marin County community of Greenbrae reached a tentative contract agreement subsequently avoiding a strike that would have started Tuesday.
California bill would ban food products, candies containing certain chemical additives
Some chemicals linked to health issues have been banned in food products in the European Union, while the United States has allowed use at levels determined safe. A bill recently introduced in the California State Assembly could start to change that.
Politics
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California looks to spend Medicaid money on housing
California Gov. Gavin Newsom wants to use Medicaid money to pay for housing for some vulnerable people.
Rep. Ro Khanna endorses Rep. Barbara Lee for U.S. Senate
U.S. Rep. Barbara Lee (D-Oakland) picked up an endorsement for her bid for U.S. Senate on Sunday from a fellow Bay Area House member, Ro Khanna (D-Fremont).
Special counsel "tightening" Trump investigations
Former President Donald Trump held his first official campaign rally of the 2024 campaign in Waco, Texas, on Saturday night. Meanwhile, Special Counsel Jack Smith's Jan. 6 investigation is "tightening." Robert Costa has the latest.
Biden issues emergency declaration for Mississippi after tornado kills dozens
"How anybody survived is unknown by me," said Rodney Porter, who lives 20 miles south of Rolling Fork, Mississippi, which was devastated by the tornado.
Trump calls for "final battle" in 2024 in first official campaign rally
The rally in Waco, Texas, comes a week after the former president claimed he would be "arrested."
LGBTQ+
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Sharks goalie Reimer declines to wear Pride jersey
San Jose Sharks goalie James Reimer won't take part in pregame warmups, saying the team's decision to wear Pride-theme jerseys runs counter to his religious beliefs.
Anti-trans encounter in San Francisco caught on camera
A San Francisco trans woman was verbally assaulted at a Union Square restaurant and video of the incident which was streamed live over TikTok has gone viral.
SF transgender pastor claims bias, sues Lutheran denomination
The Rev. Megan Rohrer, who was elected as the first openly transgender bishop of one of the largest Christian denominations in the country in May 2021, has filed a lawsuit against hte Evangelical Lutheran Church in America
California looks to enshrine right to same-sex marriage in state constitution
California, a U.S. trendsetter for progressive policies and a state where the current governor once made news issuing marriage licenses to same-sex couples in San Francisco before it was legal, will attempt to enshrine marriage equality in the state constitution.
Madonna responds to critics who commented on her Grammys appearance
"Once again I am caught in the glare of ageism and misogyny That permeates the world we live in," wrote the singer on Instagram.
Entertainment
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"Paint" star Owen Wilson on his "incredible" luck
As a romantic lead, action star or comic scene-stealer, Owen Wilson has carved out a varied career. In the new comedy "Paint," he plays the Bob Ross-like host of a PBS painting show.
"The Young and the Restless" at 50: The drama continues
For the past half-century Genoa City, Wisconsin, has been the setting for high drama, marital gyrations and genre traditions, in TV's most-watched soap opera.
"Hey Doll Baby": Revisiting the Everly Brothers' enduring harmonies
They inspired countless artists, from The Beatles to Tom Petty. Now, rare and remastered tracks are featured on an album compiled by two of Don and Phil Everly's children and produced by Petty's daughter.
'John Wick: Chapter 4' comes out blazing with $73.5M
"John Wick: Chapter 4," the fourth installment in the Keanu Reeves assassin series, debuted with a franchise-best $73.5 million at the box office.
Actor Jonathan Majors arrested on domestic violence charges in New York City
Majors' criminal defense lawyer said he is "completely innocent and provably the victim of an altercation with a woman he knows."
Our Stories Define Us
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Dude, Where's My Driver?; Take a 360 degree ride inside of a fully autonomous car
From the engineering prowess of the Golden Gate Bridge to its earthquake-resistant skyscrapers, San Francisco has always been ahead of the curve.
VR 360 View: Adaptive skiing giving lift to people with disabilities
There are few places in the world that rival the beauty of Lake Tahoe on a sunny winter day, with its snow-capped mountains, towering peaks and endless miles of trails.
VR 360 View: Devastating wildfire compels family to adopt a new lifestyle among the Redwoods
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
Take a 360-degree Fleet Week VR flight with KPIX's Lt. Jessica Burch
CBS News Bay Area's very own pilot and meteorologist Jessica Burch is getting into the spirit of The Fleet Week Air Show by taking the stick of a T33 jet.
Identifying childhood trauma a key to rehabilitating, reintegrating prison inmates into society
For years, prisons were focused on punishment rather than rehabilitation. But now, a new approach explores the reasons they ended up behind bars in the first place.
Latest Videos
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Latest Videos
FDIC: First-Citizens Bank to purchase assets of Silicon Valley Bank
Brian Hackney reports First-Citizens Bank purchasing some $72 billion in Silicon Valley Bank assets (3-26-2023)
Beloved Oakland barbeque spot Everett & Jones hit twice by burglars in 2 days
Betty Yu reports on owners of Oakland barbeque institution expressing frustration after two costly burglaries (3-26-2023)
Game Day: Boss Tagaloa returns to Bay Area gridiron
Former De La Salle High School star Boss Tagaloa is chasing his dreams of playing professional football with the Bay Area Panthers. (3-26-23)
San Jose keeps Alum Rock Park closed until storm damage is cleared
San Jose's Alum Rock park has suffered extensive damage from all the storms. As for when it will be reopened -- that's a question even a park ranger can't answer. Devin Fehely reports. (3-26-23)
Proposed car-free green space in S.F. Tenderloin draws doubters
In San Francisco, a local nonprofit hopes to create a neighborhood green space on a street in the Tenderloin but not everyone thinks that's such a great idea. Kelsi Thorud reports. (3-26-23)
Jefferson Awards
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Former boxer's nonprofit using the ring to help at-risk kids battle life's challenges
A former boxer has spent the last 20 years training at-risk children in the sport that gave him a fighting chance at life off the streets.
Redwood City gardener still hard at work giving scholarships after 15 years
When Catalino Tapia came to the U.S. many years ago, he had a sixth-grade education, six dollars in his pocket, and the American dream. He won a national Jefferson Award for his creative scholarship program in 2009. Since then, has given hundreds of students a chance to pursue their dreams.
JA: 49ers defensive end tackles literacy in his free time
A member of the San Francisco 49ers defensive line helps level the playing field to give underserved children a playbook for future success.
JA: Nonprofit donates basic income to 100 people experiencing homelessness
A former tech entrepreneur's innovative idea has reunited hundreds of homeless people with their families. Now, he's expanding into a groundbreaking support system that's one of the largest privately-funded pilots for people experiencing homelessness.
Program bridges language barriers in Oakland's Fruitvale District
An East Bay woman helps make sure that new immigrants with no other educational opportunity can learn beginner English in Oakland's Fruitvale neighborhood.
Students Rising Above
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Morehouse College student from SF takes stock of accomplishments and road ahead
Isreal Laviene holds a very special place with us at KPIX 5. In early 2021, we helped connect him to his dream school, Morehouse College in Atlanta.
Travel abroad helps Oakland student realize his own potential
Many of us dream big about life, jobs and travel. Robert Green is living those dreams and more.
Medical student yearning to give back to community that helped shape her
Giving back to others should be a priority for all of us. It is for Jennifer Juarez Yoc, who looks to faith and family as inspiration to serve others.
Leaning on past experiences, Oakland scholar leads the way for workers' rights
Sharit Cárdenas López spent their childhood watching their mother struggle to support a family on less than what many of us spend on luxuries every year.
Onetime scholar, Oakland native overcomes childhood trauma to thrive in business, politics
In 2019, the CDC reported that 60 percent of adults have experienced at least one incident of significant childhood trauma. Bianca Yarborough is one of those adults, but she's turning that pain into positive motivation for helping others.