Silicon Valley Bank's CEO and CFO were ousted but other bank executives still have their jobs — and they're wooing new customers, acting CEO told clients.
Retaining staff is one reason the bank is not only operating but is actively seeking new customers, according to people familiar with Mayopoulos's Tuesday remarks.
Retaining management is, perhaps, a good outcome for the moment for SVB employees who have been cast in a pall of uncertainty since last week. Staff are still reeling and many are angry, according to a recruiter who has worked with SVB and placed hundreds of people there. Kosturos said. SVB Financial, which is no longer associated with SVB Bridge Bank, is seeking alternatives, such as selling off its businesses like its venture capital firm and its investment bank.SVB employees now seem to fall into three groups, according to the recruiter, who has spoken with SVB employees in recent days.
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