PIERRE — Former bank executive Gregory Becker appeared before the U-S Senate Committee on Banking, Housing and Urban Affairs Tuesday. Becker was C-E-O of Silicon Valley Bank when it suffered a catastrophic collapse on March 10. Committee member, South Dakota Senator Mike Rounds had questions for Becker…
Rounds then asked Becker if he expected enforcement action from banking regulators….
Becker told Rounds he thought S-V-B was responsive regarding deadlines corrective action that were pushed out to June 30th of this year…
Silicon Valley Bank is one of three major banks to have failed in 2023 taking with them a combined 548-million dollars in assets. S-V-B alone had assets totaling 209-million dollars.
