Home World Ex-CEO Of Silicon Valley Financial institution Greg Becker Noticed In Hawaii The place He Owns $3.1 Million Luxurious House

Ex-CEO Of Silicon Valley Financial institution Greg Becker Noticed In Hawaii The place He Owns $3.1 Million Luxurious House



Ex-CEO Of Silicon Valley Bank Spotted In Hawaii Where He Owns  $3.1 Million Luxury Home

Greg Becker, CEO of the crisis-hit Silicon Valley Financial institution.

Silicon Valley Financial institution, which catered to the tech trade for 3 a long time, collapsed on March 10, 2023, leaving depositors scrambling for his or her cash. Amid the monetary chaos triggered by the financial institution’s collapse, the corporate’s ex-CEO was noticed in Hawaii, reported New York Submit. As per the report, Greg Becker and his spouse Marilyn Bautista have escaped to their Maui townhouse value $3.1 million.

The couple reportedly loved a chauffeur-driven limo experience to San Francisco Airport on Monday and first-class tickets to Hawaii. The ex-CEO was additionally photographed sporting shorts and flip-flops whereas on a stroll via Lahaina. 

Mr. Becker is presently going through scrutiny after he bought $3,578,652.31 in widespread inventory two weeks earlier than SVB was shut down by federal regulators. 

Notably, he joined the Silicon Valley Financial institution three a long time in the past in 1993 as a mortgage officer. In keeping with SVB’s web site, Mr Becker led the growth of the corporate to incorporate 4 major companies serving the innovation sector: international industrial banking, enterprise capital and credit score investing, personal banking and wealth administration, and funding banking. 

Silicon Valley Financial institution, established in 1983, was the sixteenth greatest financial institution in America. Earlier than collapsing, it used to offer providers to just about half of the venture-backed know-how corporations within the US.

On March 10, US regulators shuttered Silicon Valley Financial institution (SVB) and took management of its deposits, in what quantities to the most important retail banking failure because the international monetary disaster. After the financial institution’s closure, practically $175 billion of buyer deposits are actually underneath the management of the Federal Deposit Insurance coverage Company (FDIC). The FDIC has created a brand new financial institution, the Nationwide Financial institution of Santa Clara, which can now maintain all of the belongings of Silicon Valley Financial institution.

The transfer got here after a dramatic 48 hours that noticed the high-tech lender’s share value plummet amid a run on deposits by involved clients. 



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