Latest San Francisco News
Windows smashed at India consulates in London, San Francisco
LONDON (AP) — Windows at India's High Commission in London and at the Consulate General of India in San Francisco were smashed during separate demonstrations by Sikh protesters, police in both cities said Monday. London’s Metropolitan Police force said a man was arrested Sunday...
Washington turns to Wall Street to help rescue dying bank
The scene was reminiscent of the last financial crisis, nearly 15 years ago: Faced with a blossoming emergency in the banking sector, worried regulators and policymakers in Washington turned to Wall Street for help. The anxiety this week centered on First Republic Bank in San...
Blend Labs: Q4 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Blend Labs Inc. (BLND) on Thursday reported a loss of $82.7 million in its fourth quarter. On a per-share basis, the San Francisco-based company said it had a loss of 35 cents. Losses, adjusted for stock option expense and restructuring...
Yellen declares bank system sound, as new rescues ordered
WASHINGTON (AP) — Treasury Secretary Janet Yellen offered firm, upbeat reassurances to rattled bank depositors and investors Thursday, even as American financial institutions and European agencies ordered fresh rescue efforts following the second-largest bank collapse in U.S. history. ...
Experts, banks look for ideas to stop next bank failure
WASHINGTON (AP) — The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The vast majority of its deposits were uninsured by the federal government, leaving its customers exposed to a crisis. ...
Williams-Sonoma: Fiscal Q4 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Williams-Sonoma Inc. (WSM) on Thursday reported fiscal fourth-quarter net income of $355 million. The San Francisco-based company said it had net income of $5.28 per share. Earnings, adjusted for asset impairment costs, were $5.50 per...
What's the next step for Black reparations in San Francisco?
SAN FRANCISCO (AP) — San Francisco supervisors have backed the idea of paying reparations to Black people, but whether members will agree to lump-sum payments of $5 million to every eligible person or to any of the more than 100 other recommendations made by an advisory committee won't be known...
PagerDuty: Fiscal Q4 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — PagerDuty Inc. (PD) on Wednesday reported a loss of $24.6 million in its fiscal fourth quarter. On a per-share basis, the San Francisco-based company said it had a loss of 27 cents. Earnings, adjusted for one-time gains and costs, came to...
Bank runs used to be slow. The digital era sped them up
NEW YORK (AP) — A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money. The failure of Silicon Valley Bank last week had the panic but few other...
San Francisco board open to reparations with $5M payouts
SAN FRANCISCO (AP) — Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years and homes in San Francisco for just $1 a family. These were some of the more than 100...
