NEW YORK, March 10 (Reuters) – Greg Becker, the chief government of SVB Monetary Group (SIVB.O)
, despatched a video message to workers acknowledging the “extremely troublesome” 48 hours main as much as the collapse of its Silicon Valley Financial institution on Friday.
“It is with an extremely heavy coronary heart that I am right here to ship this message,” he stated in a video seen by Reuters. “I am unable to think about what was going via your head and questioning, you understand, about your job, your future.”
The Federal Deposit Insurance coverage Corp was named receiver of Silicon Valley Financial institution after California banking regulators closed it on Friday.
Whereas the FDIC has taken management of the lender, Becker stated he’s working with banking regulators to discover a companion for the financial institution, however there may be “no assure” a deal can be struck.
Becker wore a black zip-up jacket with a brand from Gleneagles, a luxurious golf resort in Scotland, and spoke from a room framed by darkish cupboards.
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He requested workers to “dangle round, attempt to help one another, attempt to help our purchasers, work collectively” to get a greater final result for the corporate.
“Thanks, and my coronary heart is with you,” he stated.
Reporting by Lananh Nguyen in New York and Pete Schroeder in Washington; Enhancing by Megan Davies, Sandra Maler
: .