Posted inBanking and Financial Institutions Becker, Gregory California Credit and Debt Federal Deposit Insurance Corp Government Bonds Regulation and Deregulation of Industry Silicon Valley (Calif) Silicon Valley Bank Start-ups Venture Capital
How Silicon Valley Bank Sparked Global Financial Panic
While its C.E.O. extolled innovation and the future of tech, Silicon Valley Bank paid less attention to risk management and was caught flat-footed by economic change.