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Former Silicon Valley Bank CEO says rate hikes, withdrawals sank firm

Greg Becker, former CEO of failed lender Silicon Valley Bank, apologized in congressional testimony for its "devastating" collapse while citing rising interest rates and mounting withdrawal requests as key causes of its demise.

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Left 35%

Center 35%

Right 29%

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Left

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Right

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17 other sources covering this story

Total News Sources

17

Leaning Left

6

Center

6

Leaning Right

5

Last Updated

1 year ago

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