Silicon Valley Bank CEO and president Greg Becker was interviewed on stage at the annual Upfront Summit in Los Angeles, by The Information reporter Kate Clark. Here's what he said when asked about the simmering concerns.
, Silicon Valley Bank CEO and president Greg Becker was interviewed on stage at the annual Upfront Summit in Los Angeles, by The Information reporter Kate Clark. Here's what he said when asked about the simmering concerns :
So, to me, what are the important things? The important things are: We have a very low loan-to-deposit ratio, which is important when you think about it. So the question that came up in that article you referenced is basically, if you were to sell all your securities, would there be a large loss? And the answer is true. But what we’ve been publicly saying, and we said that last quarter, is that we have is zero intention to sell those securities.
I think the criticism is that you should have seen those interest rates rising. … Do you think you made a mistake in not predicting that we were going to enter this downturn?
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Silicon Valley Bank spooks Silicon ValleySilicon Valley Bank, long one of the most popular financial institutions among tech and life sciences startups, saw its shares fall more than 60% on Thursday, wiping out a whopping $9.4 billion in market value.
Lire la suite »
Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm:
Lire la suite »
Silicon Valley Bank CEO sold $3.6 million in stock days before the bank’s failureSilicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failur…
Lire la suite »
Tech CEO with at least $10M in Silicon Valley Bank: ‘Worst 18 hours of my life’“It was pure and utter panic,” Tyrner said when asked about her state of mind after she read news reports that the bank’s stock price had plummeted.
Lire la suite »
CEO of failed Silicon Valley Bank no longer a director at SF FedThe chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco.
Lire la suite »
Tech CEO with millions in Silicon Valley Bank: 'Innovation in the startup world is bleeding today'FarmboxRx CEO Ashley Tyrner, who has $10 million in Silicon Valley Bank, discusses the impact that the collapse will have on innovation and startups.
Lire la suite »