April 26, 2024

Report: Loans to Silicon Valley Bank Insiders Tripled to Record High as Collapse Loomed

Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed. Bloomberg reports that last month, Silicon Valley Bank failed as a result of a $42 billion bank run from investors and depositors. The bank’s internal problems have come

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