[Mick]

The Fed flagged SVBs risk management profile back in 2019, and increased their, shall we say, collective expressions of alarm in 2020, 2021 and July, 2022. The most interesting part to me is that SVB was allowed to triple in size in less than three years after the alarms were raised.

Fed Raised Concerns About SVB’s Risk Management in 2019

Mick - how was SVB allowed to triple in size? How does the FED toss out an anchor to slow down SVB's growth? What options are available to the FED when it flags a banks risk management profile?

I’ll be writing about this Tuesday. Preview: the regulators did everything they were legally allowed to do. If management continually ignores them, that’s on Greg Becker et. al., not the Fed.

Becker, former CFO Daniel J. Beck and SVB Financial Group just engaged James Neil Kramer and Alexander Talarides of Orrick for their shareholder lawsuit defense. They're well-recognized litigators, so he's taking it seriously.  First appearances in U. S. District Court in SF last Friday, Stanford (and Cal, and Harvard) alum Judge Donato is presiding. There's a proposed class action suit waiting in the wings.

The cases are Vanipenta v. SVB Financial Group et al., case number [/font][/color]5:23-cv-01097, Snook v. SVB Financial Group et al., case number 3:23-cv-01173 and Siddiqui v. Becker et al., case number 4:23-cv-01228, in the U.S. District Court for the Northern District of California

Orrick To Rep Ex-SVB CEO In Shareholder Suits

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SVB now Silicon Valley Bridge Bank, N.A.

Silicon Valley Bridge Bank, N.A. in Operation – Details for Counterparties | Silicon Valley Bank (svb.com)

[Mick]

The Fed flagged SVBs risk management profile back in 2019, and increased their, shall we say, collective expressions of alarm in 2020, 2021 and July, 2022. The most interesting part to me is that SVB was allowed to triple in size in less than three years after the alarms were raised.

Fed Raised Concerns About SVB’s Risk Management in 2019

Mick - how was SVB allowed to triple in size? How does the FED toss out an anchor to slow down SVB's growth? What options are available to the FED when it flags a banks risk management profile?

I’ll be writing about this Tuesday. Preview: the regulators did everything they were legally allowed to do. If management continually ignores them, that’s on Greg Becker et. al., not the Fed.

Becker, former CFO Daniel J. Beck and SVB Financial Group just engaged James Neil Kramer and Alexander Talarides of Orrick for their shareholder lawsuit defense. They're well-recognized litigators, so he's taking it seriously.  First appearances in U. S. District Court in SF last Friday, Stanford (and Cal, and Harvard) alum Judge Donato is presiding. There's a proposed class action suit waiting in the wings.

The cases are Vanipenta v. SVB Financial Group et al., case number [/font][/color]5:23-cv-01097, Snook v. SVB Financial Group et al., case number 3:23-cv-01173 and Siddiqui v. Becker et al., case number 4:23-cv-01228, in the U.S. District Court for the Northern District of California

Orrick To Rep Ex-SVB CEO In Shareholder Suits

---

SVB now Silicon Valley Bridge Bank, N.A.

Silicon Valley Bridge Bank, N.A. in Operation – Details for Counterparties | Silicon Valley Bank (svb.com)