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The Latest Breaking News from Gregory Becker

‘Chasing yield’ was an inside joke at SVB—until it led to the bank’s collapse

Back in 2011, some of the bank leaders were involved in running jokes about chasing yield. Now, they don’t seem so funny.

Fortune

Watch live: House committee questions Silicon Valley Bank and Signature Bank on failings

Watch live as the House Financial Services Committee questions Silicon Valley Bank (SVB) and Signature Bank executives on Wednesday, 17 May, on failings which led to the collapse of the banks earlier this year.

The Independent UK

Former SVB head draws outrage at hearing on US bank failures

New York (AFP) - Executives from two failed US banks faced tough questioning Tuesday as senators railed against the lenders' risk management practices and lofty executive pay.

AFP

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Watch live: Senate questions Silicon Valley Bank and Signature Bank executives over failings

Watch live as executives from Silicon Valley Bank and Signature Bank testify before the US Senate on Tuesday, 16 May.

The Independent UK

Ex SVB head says social media 'fueled' run on doomed bank

New York (AFP) - The former head of Silicon Valley Bank blamed the lender's sudden collapse on a "social media fueled run" on it, according to congressional testimony released Monday.

AFP

Silicon Valley Bank CEO Sold $3.6 Million In Stock And Could Be Hiding In Hawaii Now

SVB at the center of the financial crisis of March 2023 saw several insiders sell shares before the bank run by its customers

Zenger

Lawmakers tell ex-CEOs 'you must answer' for bank failures

Leaders of the Senate’s banking committee are telling former chief executive officers at the failed Silicon Valley Bank and Signature Bank they “must answer” for their banks' "downfall.”

The Independent UK

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The SVB debacle has exposed the hypocrisy of Silicon Valley

US tech innovators have a culture of regarding government as an innovation-blocking nuisance. But when Silicon Valley Bank collapsed, investors screamed for state protection

The Guardian - UK

SVB's disgraced ex-CEO is now holidaying in Hawaii

Becker was pictured sporting flip-flops and sunglasses in Hawaii as SVB's new CEO sought to reassure clients.

Fortune

The DOJ And The SEC Probing The Investigations Of The Collapse Of Silicon Valley Bank

The investigation of the failure of Silicon Valley Bank involve shares that sold and bonds that were bought by the bank

People

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