Former Silicon Valley Bank CEO: ‘I am truly sorry’

1 year ago
23

The former CEO of Silicon Valley Bank, Greg Becker, is set to offer an apology during his testimony before a Senate committee on Tuesday.

In his prepared statement, Becker acknowledges that he did not anticipate being in the position where SVB faced a significant run that severely impacted the bank in early March, CNN reported.

Expressing remorse, Becker states, “I never envisioned myself or SVB being in this situation,” and he sincerely apologizes for the adverse effects this has had on the bank’s employees, clients, and shareholders.

"Former Silicon Valley Bank CEO: ‘I am truly sorry’"
READ MORE: https://www.cnn.com/2023/05/15/business/svb-greg-becker-testimony/index.html

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