CEO Gregory Becker and financial chief Daniel Beck resign as they were sued in March by shareholders accusing them of concealing how rising interest rates impact Silicon Valley Bank
SVB Financial Group CEO Gregory Becker and financial chief Daniel Beck resigned this week, the collapsed lender said in a regulatory filing on Friday.
The beleaguered company has hired Alvarez & Marsal as a restructuring advisor. The restructuring committee appointed Nicholas Grossi of A&M as the company’s interim chief financial officer on April 20, according to the filing.Silicon Valley Bank
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