Former Silicon Valley Bank CEO apologizes for collapse and blames Fed and social media.

Former Silicon Valley Bank CEO Greg Becker will apologize for the bank's collapse and defend his decision to cash out stock and options before the bank's failure in his testimony before the Senate Banking Committee. Becker will also blame the bank's problems on "rumors and misconceptions" fomented by social media and the Federal Reserve's aggressive interest rate hikes. Becker's prepared remarks offer a counter history to recent testimony from regulators and a report produced by the Federal Reserve that largely blamed mismanagement for the lender's eventual collapse.