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Friday, September 27, 2024

US banks want socialism for themselves – and capitalism for everyone else

Greg Becker, the former CEO of Silicon Valley Bank, sold $3.6m of SBV shares on 27 February, just days before the bank disclosed a large loss that triggered its stock slide and collapse. Over the previous two years, Becker sold nearly $30m of stock. But Becker won’t rake in the most from this mess. …

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