“The messaging from the Federal Reserve was that interest rates would remain low and that the inflation that was starting to bubble up would only be ‘transitory,’” Becker said in written testimony prepared for a US Senate Banking Committee hearing Tuesday focused on Silicon Valley Bank and Signature Bank, both of which were seized by regulators in March.
The fastest pace of rate hikes by the Federal Reserve in decades combined with negative social media sentiment contributed to the failure of SVB Financial…
By Max Reyes | Bloomberg The fastest pace of rate hikes by the Federal Reserve in decades combined with negative social media sentiment contributed to the…
The takeover of SVB has been personally and professionally devastating, and I am truly sorry for how this has impacted SVB’s employees, clients and shareholders - Greg Becker, SVB former CEO.
Silicon Valley Bank s former CEO says Fed, social media contributed to bank s collapse ocregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ocregister.com Daily Mail and Mail on Sunday newspapers.