Silicon Valley Bank's Ex-C.E.O. is 'Truly Sorry' but Deflects Blame
Gregory Becker repeatedly said that Silicon Valley Bank’s unwinding was caused by unforeseeable circumstances, but senators took a sharper view of his…
Source: biztoc.com
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Former SVB CEO Tells Senate He Is 'Truly Sorry' for Collapse
Senators derided Gregory Becker at a hearing about the reasons for the failure of his bank. “It sounds a lot like ‘my dog ate my homework’,” one said.
Source: nytimes.com
Former SVB head draws outrage at hearing on US bank failures
The failure of both SVB and Signature Bank -- which also had former executives on the witness stand -- has been blamed in government reports on poor management, given the speedy growth of both lenders.
Source: moneycontrol.com
Former SVB Head Draws Outrage At Hearing On US Bank Failures
Former SVB head draws outrage at hearing on US bank failures
Source: ibtimes.com
Ex-SVB CEO blames the Fed, media for bank's collapse
The former CEO of Silicon Valley Bank blamed the bank’s failure on increased interest rates and a news article during a grilling before a Senate committee.
Source: sfchronicle.com