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Published 1 year ago

SVB Chief Greg Becker sold $3.6 million in stock days before bank’s failure

Summary by Bloomberg
Silicon 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 failure.

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Times of IndiaTimes of India

SVB chief sold $3.6 million in stock days before bank’s failure; removed from San Francisco Fed’s Board

He sold 12,451 shares on February 27. It is the first time in more than a year that Becker had sold shares in parent company SVB Financial Group, state regulatory filings

1 year ago·India
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News18 IndiaNews18 India

Silicon Valley Bank CEO Sold $3.6 Million Shares 2 Weeks Before SVB Failure: Report

The crisis at Silicon Valley Bank worsened after the company sent a letter to shareholders informing that it will try to raise over $2 billion in capital after taking losses

1 year ago·India
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New York PostNew York Post

Silicon Valley Bank CEO sold $3.5M in shares just two weeks before collapse

Two of Silicon Valley Bank's top chiefs dumped millions of dollars worth of stock just two weeks before the firm collapsed Friday, records show.

1 year ago·New York, United States
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GloboGlobo

Silicon Valley Bank CEO sold US$ 3.6 million in shares days before bankruptcy, says newspaper

Regulatory authorities from the United States closed the institution this Friday (10), in the biggest bank bankruptcy in the United States since the 2008 financial crisis

1 year ago·Brazil
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NewsweekNewsweek

Silicon Valley Bank CEO sold $3.5 million in stock 2 weeks before collapse

SEC filings show that SVB executives have been dumping stock as early as May 2021. The bank was shut down on Friday after a shocking 48-hour bank run.

1 year ago·United States
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UOLUOL

CEO of a bank in the USA sold US$ 3.6 million in shares before bankruptcy, says newspaper

A Wall Street Journal report this Friday (10) states that the CEO of Silicon Valley Bank (photo), Greg Becker, sold around US$ 3.6 million worth of shares of the bank the week before its bankruptcy. Silicon Valley Bank was known for funding startups from Silicon Valley, California. U.S. regulatory authorities shut down the financial institution this Friday, in what is considered the biggest bank bankruptcy in the country since the 2008 crisis. T…

1 year ago·Brazil
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