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SVB’s loans to insiders tripled to $219 million before it failed

Por: The Boston Globe Business March 21, 2023

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As Silicon Valley Bank deteriorated late last year and regulators began internally flagging flaws in its risk management, the lender opened up the credit spigot to one group: insiders.Loans to officers, directors, and principal shareholders, and their related interests, more than tripled from the third quarter last year to $219 million in the final three months of 2022, according to government data.Related: That's a record dollar amount of... + full article



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