Silicon Valley Bank's New CEO Sends Clear Message to Employees and Investors
The new CEO of Silicon Valley Bank, Tim Mayopoulos, reassured employees that the bank was open for business and had resumed many of its usual business activities after the FDIC took control of the bank on Friday. Mayopoulos said that the bank could still be acquired but that he saw value in it continuing on its own. Venture capitalists, who make up a significant part of the company's business, had expressed support for the bank in meetings.