Business

Business

Silicon Valley lawmaker explores legislation after bank collapse

Two weeks after Silicon Valley Bank’s collapse left thousands of businesses reeling, one Silicon Valley lawmaker is exploring legislation to ensure it doesn’t happen again. At a discussion in Santa Clara on Saturday with nonprofit and business leaders, Congressman Ro Khanna announced he’s crafting legislation that would require banks to pay higher premiums to the...

Sunnyvale Starbucks workers feel exploited

Employees of a busy Starbucks store in Sunnyvale are working to unionize, joining a growing movement by workers at hundreds of the chain’s stores pushing back on what they call unfair and exploitative conditions. Most of the 24 partners—what Starbucks calls its employees—at the store near South Mary and Fremont avenues have signed onto a letter...

Silicon Valley Bank collapse hits nonprofits

The abrupt closure of Silicon Valley Bank has hit dozens of local nonprofits. The immediate concern was making payroll. But nonprofit leaders also worried how they could continue providing direct services for the disenfranchised residents who rely on them. Thankfully, it hasn’t had a drastic impact, but it could’ve meant life or death for many families, said...

Silicon Valley Bank CEO leaves powerful board

Silicon Valley Bank President and CEO Greg Becker, who led the financial institution for more than a decade before its collapse on Friday, has resigned from the board of directors of Silicon Valley Leadership Group. Laura Wilkinson, spokesperson for Silicon Valley Leadership Group, an influential advocacy organization for tech businesses, told San José Spotlight on...