SVB's CEO calls for customer support in rebuilding deposit base.

The new CEO of Silicon Valley Bank, Tim Mayopoulos, has urged customers to return to the bank after it was taken over by the Federal Deposit Insurance Corporation (FDIC) following its collapse. Mayopoulos reassured customers that the bank is fully operational and making new loans, and encouraged them to make deposits and transfer back any funds that were pulled out in the past week. The closure of Silicon Valley Bank, the biggest bank failure since the 2008 banking crisis, has raised concerns about its impact on the start-up industry. The bank will not receive a bailout, according to President Biden and Treasury Secretary Janet Yellen.