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Ex Silicon Valley Bank boss plans to apologise to US Senate
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fnlondon.comFormer Silicon Valley Bank chief executive Greg Becker plans to tell a Senate committee on 16 May that no bank could have survived the unprecedented deposit run that led to his institution’s failure in March.
Becker hasn’t spoken publicly since regulators seized SVB two months ago, after a failed capital raise and historic deposit run doomed the startup- and technology-focused California bank. Two former executives at New York-based Signature Bank, which failed shortly after, are also set to appear before the Senate Banking...
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