Collapse of SVB, Signature Bank Tests the FDIC’s Executive Reserve Corps

Tim Mayopoulos was squashed into a middle seat in coach on his flight to San Francisco, the only one available when he booked that afternoon. The Wi-Fi wasn’t working, so he pulled out a notepad to jot down what he would say to employees when he started his new job as chief executive of the

failed Silicon Valley Bank the next morning.

Source link