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Silicon Valley Bank Collapse: New CEO Urges VC Clients to Return Deposits
Silicon Valley Bank Collapse: New CEO Urges VC Clients to Return Deposits
March 15, 2023
Tim Mayopoulos was appointed by the Federal Deposit Insurance Corporation (FDIC) as the new CEO of Silicon Valley Bank.
Mayopoulos urges top venture capital clients to move deposits back to the bank.
FDIC took control of SVB after its collapse.
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