The president of Silicon Valley Bank appeared before in 2015 to argue that his bank should not be subject to scrutiny - insisting that 'enhanced prudential standards' should be lifted 'given the low risk profile of our activities'.Greg Becker, president of SVB, on Friday watched as his bank collapsed and was placed under government control - becoming, after Washington Mutual in 2008.Yet hours later it emerged Becker had convinced Congress to lessen the scrutiny of businesses like his. But anyone with deposits over a quarter of a million dollars with Silicon Valley Bank now faces losing all their money above the $250,000 protected by a federal law.
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