Key Points
He also co-founded SVB Capital, the company's investment arm and played a prominent role or the firm during the 2008 global financial crisis...
Greg Becker, President and CEO of Silicon Valley Bank (SVB), speaks during a conference in Beverly Hills, California.(AFP)..
Silicon Valley Bank (SVB) has become the biggest United States lender to collapse seen as the largest failure of a financial institution since the 2008 financial crisis following a week of the banks failed attempt at raising capital of over $2 billion, compounded by the depositors move to rush towards a cash exodus as anxiety over the banks health spread..
In the wake of the crisis, the companys chief Greg Becker on Friday sent a video message to the employees as he spoke about the "incredibly difficult" 48 hours which led the company to its fall.. 1)Becker, Silicon Valley Bank's chief executive officer, joined the company three decades ago as a loan officer..
He played a prominent role in steering the lender, valued at over $40 billion till last year, through the 2008 global financial crisis and was appointed the president and CEO of SVB Financial Group in 2011..
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