1 year ago
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Greg Becker tells banking committee that takeover of SVB was ‘personally and professionally devastating’
The former CEO of the collapsed lender Silicon Valley Bank, 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 to the 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.
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