Former SVB CEO apologizes for unprecedented bank collapse.
TL;DR
Former bosses of two US banks that collapsed in March, sparking global fears over the state of the financial industry, say the failures were caused by "unprecedented" circumstances. Lawmakers are examining the episode amid debate over what should have been done to prevent it. Former Silicon Valley Bank (SVB) chief Greg Becker is set to tell Congress he "never imagined" such events.
- Ex US bank bosses call collapse 'unprecedented' BBC
- Former Silicon Valley Bank CEO: 'I am truly sorry' CNN
- SVB's Former CEO Says Fed, Social Media Contributed to Bank's Collapse Bloomberg
- San Francisco Fed Ties to S.V.B. Chief Attracts Scrutiny to Century-Old Setup The New York Times
- Former SVB CEO Greg Becker to Apologize for Bank Collapse The Wall Street Journal
Want the full story? Read the original reporting
Read on BBC