Former Silicon Valley Bank chief executive Greg Becker plans to tell a Senate committee that no bank could have survived the unprecedented deposit run that led to his institution’s failure in March
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.Becker in prepared congressional testimony says no bank could have survived the run of velocity and magnitude experienced by bank
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ex-SVB CEO Greg Becker blames rate hikes, social media for bank’s collapse“The takeover of SVB has been personally and professionally devastating, and I am truly sorry for how this has impacted SVB’s employees, clients and shareholders,” he said in prepared t…
Leer más »
Silicon Valley Bank’s former CEO says Fed, social media contributed to bank’s collapseThe fastest pace of rate hikes by the Federal Reserve in decades combined with negative social media sentiment contributed to the failure of SVB Financial Group’s Silicon Valley Bank, said Greg Bec…
Leer más »
Former Silicon Valley Bank CEO says rate hikes, withdrawals sank firmGreg Becker, former CEO of failed lender Silicon Valley Bank, apologized in congressional testimony for its 'devastating' collapse while citing rising interest rates and mounting withdrawal requests as key causes of its demise.
Leer más »
Greg Puciato embarks on his first-ever solo tour, and anything could happen - Chicago ReaderGreg Puciato’s tentacles reach into so many corners of the heavy-music community that he's pulled together an ensemble that's its own draw.
Leer más »
Gov. Greg Abbott threatens to veto pared-down school choice bill, warns of special sessionsAbbott says if a school voucher bill isn’t expanded to include more students, a special legislative session will be the result.
Leer más »
Gov. Greg Abbott threatens to veto pared-down school choice bill, warns of special sessionsNew: Gov. Greg Abbott tonight said he would veto a toned-down version of a school voucher bill, and said he would call special sessions if the Texas Legislature didn't 'expand the scope of school choice' this month.
Leer más »