CEO Greg Becker Was There for SVB's Quick Rise and Even Quicker Fall
The CEO of Silicon Valley Bank and his top lieutenants are optimistic about the future of the banking industry.
Greg Becker, Chief Financial Officer Daniel Beck, and President Michael Descheneaux were at the helm of Silicon Valley Bank as it rode a wave of low rates and easy-money policies.
Last year, the world changed and the Federal Reserve started raising rates at its fastest pace in decades. However, many people ignored this change and bet that interest rates would fall. These people were mainly focused on the boom-and-bust tech industry.