The tech bank collapse of 2023
See all Stories
E
Loans to insiders at SVB “more than tripled” to $219 million in the last three months of 2022.
The loans increased as the bank began looking weaker, Bloomberg reports.
In its most-recent proxy statement, SVB Financial Group, the parent company of Silicon Valley Bank before its collapse, said it made loans last year to related parties including “companies in which certain of our directors or their affiliated venture funds are beneficial owners of 10% or more of the equity securities of such companies.”
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
Most Popular
Most Popular
