The new CEO of Silicon Valley Bank held an all-hands meeting on Wednesday and sought to reassure employees that the bank was not planning on closing its doors, according to two people who listened in on the call.it took control of the bank on Friday“We are open for business, making new loans, processing payments and offering all the solutions we’ve been known for,” Mayopoulus said, according to one person who was on the call.
The people who spoke with NBC News requested anonymity, citing a lack of clearance to speak publicly and concerns about professional repercussions. The future of Silicon Valley Bank has remained in doubt since the FDIC shut it down on Friday. The bankat the bank, allaying fears from customers that billions of dollars would never be recovered.and was CEO of the mortgage insurance company Fannie Mae, said that the bank could still be acquired but that he saw value in it continuing on its own.
He also told employees that venture capitalists, who make up a significant part of the company's business, had expressed support for the bank in meetings. Venture capitalists, investors who put money into startups and burgeoning industries, made up a large part of Silicon Valley Bank's client base and overall business. Many venture capital firms have expressed continued support for the bank and said they would continue to work with it in the future.
And at this time, Sberbank pays the largest dividends to its main holders! Do you think it's a coincidence?!
Obama officials and Hillary Clinton donors ran a woke bank ...Shocking it collapsed huh
Is it true: the EQUITY HIRE Bank Regulator is on Board of Silicon Valley Bank so didn't regulate? Only 1 board member has any bank experience? The CEO sold his stock before the COLLAPSE? Isn't that insider trading but he's a democrat so...
Amazing things happens when the govt bails you out with tax dollars
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