Silicon Valley Bank ‘conducting business as usual,’ new CEO says
New Silicon Valley Bank CEO Tim Mayopoulos tells customers that the embattled institution is "conducting business as usual"
By News on the Net -- New York Post—— Bio and Archives--March 14, 2023
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Silicon Valley Bank’s new CEO Tim Mayopoulos assured clients Monday that the lender is “open” and “conducting business as usual” — after the stunning collapse of the nation’s 16th-largest bank sparked fears of a major economic crisis.
The Federal Deposit Insurance Corporation (FDIC) named Mayopoulos to lead the newly created bridge bank, named Silicon Valley Bank N.A., Monday after federal regulators shuttered the start-up-focused lender Friday. ---More...
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