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In a letter to customers, Silicon Valley Bank's new CEO states, "We are operating business as usual"

Late on Monday night, Silicon Valley Bank’s customers unexpectedly got an email in their inboxes from the bank’s new CEO, Tim Mayopoulos, claiming that the institution was not only open but also conducting business as usual. The email, which TechCrunch got from various sources, stated that Silicon Valley Bank, N.A. was open and operating normally. … ....

United Kingdom , United States , Tim Mayopoulos , Gerald Brady , Greg Becker , Silicon Valley Bank , Fannie Mae ,