2023-03-15
New York Times
8 related
A profile of Tim Mayopoulos, named by the FDIC as the CEO of Silicon Valley Bridge Bank, who was BofA's general counsel during the 2008 financial crisis
The F.D.I.C. named Tim Mayopoulos as chief executive of Silicon Valley Bridge Bank. His job is to keep calm and carry on.
2023-03-14
TechCrunch
9 related
Email: SVB's new CEO Tim Mayopoulos says SVB NA, a new, FDIC-run “bridge-bank” with deposits protected by the FDIC, is “open and conducting business as usual”
The former Fannie Mae exec says new deposits will be protected by the FDIC
2023-03-11
CNBC
27 related
California regulators close SVB and name the FDIC as the receiver to protect insured deposits; SVB ended 2022 with ~$209B in assets and $175.4B in deposits
banks, lawyers, etc — and it's a minor but not insignificant screening mechanism. https://twitter.com/... Jason Zweig / @jasonzweigwsj : If you want to create a perverse incentive for banks to become ...
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