Silicon Valley Bank's New CEO Encourages Growth and Investment.

Tim Mayopoulos, the new CEO of Silicon Valley Bank, has urged his high-powered venture capital and startup clients to bring their money back to the bank, stating that there is no safer place in the US banking system to put their deposits. Mayopoulos was appointed by the government and is making his pleas to current and former clients, but it is not clear how long he will stay in his current job as the bank is currently controlled by the Federal Deposit Insurance Corporation. Mayopoulos listed three possibilities for the bank's future: recapitalization, sale, or liquidation.