There were plenty of people in the room on Tuesday during the Senate hearing about bank failures who agreed that former SVB CEO Greg Becker was to blame for SVB's failures, but Becker sure did not seem to be one of them.
Bipartisan fire was directed at Becker and two executives from Signature bank as senators questioned the executives about their decision making leading up to the bank runs in mid-March. Becker reiterated that he believed there was a unique amalgamation of factors including rising interest rates and media attention on the bank. Becker, when asked, didn’t pinpoint any specific decision he would make differently looking back.
