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(Reuters) -The Federal Deposit Insurance Corporation on Monday named former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group. He steps in
Before joining fintech Blend, Mayopoulos spent more than six years as the CEO of mortgage financier Fannie Mae.
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Hopes for a milder rate hike surge as bank stocks fall and gold climbs
Silicon Valley Bank collapsed, for which regulators and the White House aimed to keep up the confidence in the banking sector.