#gregbecker — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #gregbecker, aggregated by home.social.
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Daniel Gilbert et al.: Silicon Valley Bank’s risk model flashed red. So its executives changed it. Focused on profits, leaders made decisions that foreshadowed the bank’s surprise failure
"'They thought they could never go wrong,' said a former bank official who spoke on the condition of anonymity to discuss internal business practices, recalling an internal stress test in late 2018 or 2019 that showed SVB could lose at least a third of its deposits over two years. Executives directed that that model also be reworked. 'If they see a model they don’t like,' the official said, 'they scrap it.'"
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"A week before the bank failed, in its annual report to shareholders, #SVB praised its top executives for an area of achievement: managing risk.
Becker, the CEO, had displayed 'strong leadership of the continued evolution of risk management.' Beck, the CFO, was credited for 'promotion of a strong risk culture.'"
#SVB #GregBecker #DanBeck #siliconvalleybank
https://www.washingtonpost.com/business/2023/04/02/svb-collapse-risk-model -
'How did this happen' — Powell says Fed stumped over the collapse of SVB - In a post-FOMC meeting on March 22, the chairman of the Federal R... - https://cointelegraph.com/news/how-did-this-happen-powell-says-fed-stumped-over-the-collapse-of-svb #federalopenmarketcommittee #federalreserveboard #siliconvalleybank #elizabethwarren #investigation #jeromepowell #michaelbarr #gregbecker
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DOJ and SEC to probe SVB collapse and insider stock sales: Report - The investigations are separate from one another but will both lo... - https://cointelegraph.com/news/doj-and-sec-to-probe-svb-collapse-and-insider-stock-sales-report #departmentofjustice #siliconvalleybank #stocksales #danielbeck #gregbecker #executive #insider #sec #doj
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DOJ and SEC to probe SVB collapse and insider stock sales: Report - The investigations are separate from one another but will both lo... - https://cointelegraph.com/news/doj-and-sec-to-probe-svb-collapse-and-insider-stock-sales-report #departmentofjustice #siliconvalleybank #stocksales #danielbeck #gregbecker #executive #insider #sec #doj
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DOJ and SEC to probe SVB collapse and insider stock sales: Report - The investigations are separate from one another but will both lo... - https://cointelegraph.com/news/doj-and-sec-to-probe-svb-collapse-and-insider-stock-sales-report #departmentofjustice #siliconvalleybank #stocksales #danielbeck #gregbecker #executive #insider #sec #doj
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DOJ and SEC to probe SVB collapse and insider stock sales: Report - The investigations are separate from one another but will both lo... - https://cointelegraph.com/news/doj-and-sec-to-probe-svb-collapse-and-insider-stock-sales-report #departmentofjustice #siliconvalleybank #stocksales #danielbeck #gregbecker #executive #insider #sec #doj
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DOJ and SEC to probe SVB collapse and insider stock sales: Report
https://cointelegraph.com/news/doj-and-sec-to-probe-svb-collapse-and-insider-stock-sales-report
#DepartmentofJustice #SiliconValleyBank #stocksales #DanielBeck #GregBecker #executive #insider #SEC #DOJ -
DOJ and SEC to probe SVB collapse and insider stock sales: Report
https://cointelegraph.com/news/doj-and-sec-to-probe-svb-collapse-and-insider-stock-sales-report
#DepartmentofJustice #SiliconValleyBank #stocksales #DanielBeck #GregBecker #executive #insider #SEC #DOJ -
Spot the difference: #FTX vs #svb
- #sbf used customer deposits at #ftx to buy low valued assets,
- customers withdrawals surged vs assets in reserve
- it filed for a bankruptcy.
#sbf now awaiting trial for securities fraud
#svb used customer deposits to buy low valued assets
customers withdrawals surger vs assets in reserve
svb bailed out
nothing happens to #gregbecker
Am i to wonder its not a #crypto problem but a #regulation problem 🤔?
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US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall - Concerns have been raised around the financial health of the tech... - https://cointelegraph.com/news/us-bank-woes-silicon-valley-bank-stocks-plunge-1-day-after-silvergate-downfall #siliconvalleybank #silvergate #cryptobank #gregbecker #svbshares #techbank #banking #svbceo #bank #svb
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US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall - Concerns have been raised around the financial health of the tech... - https://cointelegraph.com/news/us-bank-woes-silicon-valley-bank-stocks-plunge-1-day-after-silvergate-downfall #siliconvalleybank #silvergate #cryptobank #gregbecker #svbshares #techbank #banking #svbceo #bank #svb
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US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall - Concerns have been raised around the financial health of the tech... - https://cointelegraph.com/news/us-bank-woes-silicon-valley-bank-stocks-plunge-1-day-after-silvergate-downfall #siliconvalleybank #silvergate #cryptobank #gregbecker #svbshares #techbank #banking #svbceo #bank #svb
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US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall - Concerns have been raised around the financial health of the tech... - https://cointelegraph.com/news/us-bank-woes-silicon-valley-bank-stocks-plunge-1-day-after-silvergate-downfall #siliconvalleybank #silvergate #cryptobank #gregbecker #svbshares #techbank #banking #svbceo #bank #svb
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US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall
https://cointelegraph.com/news/us-bank-woes-silicon-valley-bank-stocks-plunge-1-day-after-silvergate-downfall
#siliconvalleybank #silvergate #cryptobank #gregbecker #svbshares #techbank #banking #SVBCEO #bank #SVB -
US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall
https://cointelegraph.com/news/us-bank-woes-silicon-valley-bank-stocks-plunge-1-day-after-silvergate-downfall
#siliconvalleybank #silvergate #cryptobank #gregbecker #svbshares #techbank #banking #SVBCEO #bank #SVB