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The Latest Breaking News from Greg Becker

Did deregulation lead to Silicon Valley Bank's collapse?

It was a scene straight out of the Great Depression: a major California bank locking its doors and pulling down the shades as a horde of panicky depositors demanded their money.

Los Angeles Times

Elizabeth Warren is among the furious politicians demanding SVB execs return their salaries, bonuses, and $84 million in stock sale profits

Sen. Elizabeth Warren says SVB execs should give back their salaries for “facilitating a near-economic disaster.”

Fortune

Justice Department opens probe into Silicon Valley Bank after its sudden collapse

Justice Department officials have launched an investigation into the bank amid growing questions about who shares responsibility for the largest bank failure since the 2008 collapse.

WEKU

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Shark Tank star blasts SVB's 'idiot management' and 'negligent directors' over collapse

'Mr Wonderful' claimed President Joe Biden nationalized the American banking system.

Fortune

SVB's Collapse Points to a Familiar Problem

The major U.S. regional banks have sought and received more deregulation. The lack of oversight has led them to expand and take considerable risk.

The Street

SVB Employees Received Bonuses on the Day the Bank Failed

Silicon Valley Bank was closed March 10 by U.S. regulators. On the same day, bonuses for 2022 were paid to the employees of the failed bank.

The Street

"Woke" billionaires, same as old ones

Ignore GOP hype about the "liberal" tech industry — reckless, entitled libertarianism is what fuels Silicon Valley

Salon

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Top Obama economist has a 3-point plan to prevent more bank failures

SVB’s collapse is dangerous to a stable financial system, and a blueprint of what banking should not do.

Fortune

Elizabeth Warren knows exactly why Silicon Valley Bank failed—and who should pay

SVB CEO Greg Becker himself was one of many voices advocating for Dodd-Frank to be loosened. Oops.

Fortune

There’s a deeper story to Silicon Valley Bank’s failure. What can we learn from it?

Financial deregulation led to the crash in 2008 and it could again in 2023. It’s time to make banking boring again

The Guardian - US

SVB CEO Quietly and Swiftly Removed from Powerful Board

Silicon Valley Bank CEO Greg Becker was a director of the Federal Reserve Bank of San Francisco. He was removed the same day Silicon Valley-based bank collapsed.

The Street

SVB CEO Sold $3.6 Million Worth of Shares Before Bank's Collapse

Greg Becker sold his shares on Feb. 27, eleven days before Silicon Valley Bank was shut down by regulators.

The Street

SVB spectacularly fails after unthinkable heresy becomes reality

Greg Becker sat in a red armchair at an invite-only conference in Los Angeles last week, legs crossed, one hand cutting through air.

Tribune News Service

Here's what it looked like outside Silicon Valley Bank after it shutdown

The failure of one of the largest commercial banks in the U.S. left people frantically figuring out next steps Friday morning.

Fortune

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Fortune

How did the tech world's biggest bank collapse in under a week?

The tech and VC sector's most reliable lender collapsed literally overnight. How did that happen?

Fortune

SVB cash crunch highlights $620 billion hole in banks’ balance sheets

The spike in interest rates has been devastating for the value of their securities portfolios, meaning many carry around billions in unrealized losses that could pose a problem if funding dries up.

Fortune

Silicon Valley Bank’s parent is reportedly struggling to pull off a fire sale after its stock blew up and it failed to raise capital

“It doesn’t smell good right now, and there’s a lot of panic,” a venture investor who spoke with dozens of SVB clients told Fortune Thursday.

Fortune

VCs and startup founders are freaking out about Silicon Valley Bank

Startup founders are pulling cash from Silicon Valley Bank, even as some VCs say the panic is overblown and fueling the fire.

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