...The SVB situation would be a comedy of errors if it weren’t so sad.
SVB execs apparently sold blocks of shares before everything came unglued.
SVB employees received bonuses hours before regulators shuttered everything.
SVB’s Chief Administrative Officer Joseph Gentile was former CFO at Lehman Brothers.
Now we’re learning that Kim Olson, SVB’s recently appointed chief risk officer, worked at Deutsche Bank from 2007… and here’s the clincher… at the time when it lied to investors about its mortgage-backed securities (the collapse of which led to the housing crisis). (Read)
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