Published 1 year ago

Silicon Valley Bank exec was Lehman Brothers CFO prior to 2008 collapse

Summary by Fox Business

Prior to the Lehman Brothers collapse, Joseph Gentile was its CFO until 2007 when he left and became Silicon Valley Bank's Chief Administrative Officer.

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Times of India

SVB executive was Lehman Brothers CFO prior to 2008 collapse

Silicon Valley bank (SVB) executive, Jospeph Gentile, was a former executive of the Lehman Brothers' Global Investment Bank prior to the bank's public collapse in 2008, the media reported.

1 year ago·India

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NDTV

"Are You Kidding Me? My Bank?" How SVB Collapse Ripped Through Global Tech

Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news.

1 year ago·New Delhi, India

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USA Today

Ripple effect: How Silicon Valley Bank collapse is affecting other US banks

Signature Bank in New York also closed after customers made a run on deposits. Trading was halted on regional banks after shares fell early Monday.

1 year ago·United States

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Hindustan Times

‘How stupid…': Silicon Valley Bank employee blames this person for collapse

After the SVB leadership announced to raise $2.25 billion in capital and $21 billion in asset sales, the news led to the tech startups pulling out $42 billion on Thursday alone. This left the bank with a negative cash balance of $985 million.

1 year ago·New Delhi, India

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CNN

Analysis: The tech industry avoided an "extinction-level event," but it’s not unscathed

Garry Tan, prominent tech investor and CEO of tech startup accelerator Y Combinator, described Silicon Valley's collapse as an “extinction-level event for startups” that would “set startups and innovation back by 10 years or more.”

1 year ago·Atlanta, United States

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New York Post

Top Silicon Valley Bank execs worked at notoriously troubled Lehman Brothers, Deutsche Bank

A pair of top executives at doomed Silicon Valley Bank used to work at two other financial institutions with infamous pasts – the now-shuttered Lehman Brothers and troubled Deutsche Bank.

1 year ago·New York, United States

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