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Joseph Gentile, left, left his position as the CFO at Lehman Brothers one year before it collapsed to join SVB as its chief administrative officer, while Kim Olson worked at Deutsche Bank.
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When the story of why Silicon Valley Bank collapsed is written, the role played by woke policies that sacrificed fiduciary responsibility should be examined.
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The parent company of Silicon Valley Bank, which has been mired in deposit challenges, expects little near-term change in the deployment of venture capital dollars, which executives say will keep putting pressure on SVB's balance sheet.