CEO Greg Becker has been involved in SVB’s rapid rise and even faster decline
Greg Becker and two senior lieutenants, CFO Daniel Beck and President Michael Descheneau, were at the helm of the Silicon Valley bank as it rode a wave of low rates and easy money.
Last year, when the world turned and the Federal Reserve began raising rates at the fastest pace in decades, they ignored it, betting that interest rates would fall and focusing on the boom and bust of the tech industry.
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