Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - US
The Guardian - US
Business
Guardian staff and wires

Silicon Valley Bank’s former CEO tells Senate he is ‘truly sorry’ for collapse

Greg Becker Silicon Valley Bank SVB Sherrod Brown Signature Bank
Greg Becker, former CEO of Silicon Valley Bank (SVB), appeared before the Senate banking committee alongside two executives from the collapsed Signature Bank.
Greg Becker, former CEO of SVB, appeared before the Senate banking committee alongside two executives from the collapsed Signature Bank. Photograph: Patrick T Fallon/AFP/Getty Images

The former CEO of the collapsed lender Silicon Valley Bank (SVB) has said he was “truly sorry” for what he called the “devastating” collapse of the bank that triggered the worst banking crisis since 2008.

Speaking at a Senate banking committee hearing on Tuesday, Greg Becker said he believed the bank was responsive to regulator concerns about managing risk and working to address issues before an “unprecedented” bank run led to its failure.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Woman finds a white purse at a thrift store. Then she unzips a small pocket and realizes it isn’t empty: ‘This is crazy’
That was a surprise!
We Got This Covered
We Got This Covered
Pop Star Britney Spears Reportedly Branded 'Clueless' by Critics Over Recent Dollywood Ride Video
Britney Spears shared footage from a family visit to Dollywood, praising the Tennessee attraction, while some online viewers criticised the language heard during a spinning-ride video.
International Business Times UK
International Business Times UK
What Happened to Travis Barker? Musician Shares Hospital Photos as Kourtney Kardashian Stays by His Side
Travis Barker says he underwent cubital tunnel release surgery after experiencing numbness in his arm, hand and fingers, adding that he hopes to resume drumming within weeks.
International Business Times UK
International Business Times UK
Woman orders a Whopper and a Whopper Jr. at a mall Burger King. Then she sees the $30 total and shows the camera the tray: ‘This is crazy’
She showed everything that came with it.
We Got This Covered
We Got This Covered
'I didn't know this place existed': Britney Spears enjoys family day at Dollywood
Britney Spears enjoyed a visit to Dollywood with her two sons - but admitted she hadn't been aware the theme park "existed" before their trip.
BANG Premier
BANG Premier
How Jim Bakker became the Johnny Carson of Christian TV
When I was researching my 2017 book, “PTL: The Rise and Fall of Jim and Tammy Faye Bakker’s Evangelical Empire,” I interviewed dozens of former staffers and supporters of PTL, the ministry, television and theme park empire that the Bakkers built starting in the 1970s.
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play