Home2023May (Page 93)

REUTERSWASHINGTON — Greg Becker, former Chief Executive Officer (CEO) of failed lender Silicon Valley Bank (SVB), apologized in congressional testimony for its “devastating” collapse while citing rising interest rates and mounting withdrawal requests as key causes of its demise.The bank was responsive to regulator concerns

The British union flag flutters on the Victoria Tower at the Houses of Parliamen, in London, Britain Dec. 30, 2020. — REUTERS/TOBY MELVILLEHOVE, England — Two workers glide between a computer screen and a stainless-steel vat making face cream, a scientist in a white coat