In Client Call, SVB's New CEO Urges Clients to Bring Funds Back to the Bank
Silicon Valley Bank’s new CEO Tim Mayopoulos pitched venture and startup clients hard to help keep the bank alive in a 30-minute call.
Source: nbcdfw.com
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FDIC Creates Silicon Valley Bridge Bank, N.A. and Issues Updated FAQS | Foley Hoag LLP
The FDIC has also posted updated FAQs on its website confirming that direct deposits and autopay will continue to operate and that checks will continue to clear. Customers with lines of...
Source: jdsupra.com
Goldman Sachs Bought SVB's Bond Portfolio That Led to Massive Losses and Bank Run
The parent of the failed Silicon Valley Bank (SVB), Silicon Valley Bank Financial Group, said that the Goldman ...
Source: theepochtimes.com
Silicon Valley Bank appoint new CEO as staff take aim at the previous bank chief
Tim Mayopoulos was named as the new CEO on Monday, after the government fired existing bosses. His predecessor was slammed by staff as making 'absolutely idiotic' decisions.
Source: dailymail.co.uk
Silicon Valley Bank's new CEO sends letter to clients: 'We are conducting business as usual'
SVB's new CEO Tim Mayopoulos wrote to clients: “Silicon Valley Bank, N.A. is open and conducting business as usual."
Source: techcrunch.com