An official who served in the Treasury Department under former President Obama was also a board member of Silicon Valley Bank before its collapse last week.
Ben Levisohn, Carleton English and Jack Hough discuss the markets following Federal Reserve Chairman Powell's testimony before Congress, the collapse of Silicon Valley Bank, the impact on the banking industry and railroad safety spending data.official served on the board of Silicon Valley Bank before its collapse sent shockwaves through the American economy.
Miller, who ran an unsuccessful campaign for mayor of Baltimore in 2020, was appointed to the SVB Financial Group board of directors in May 2015, with the bank touting her ability to "add unique perspective and insight" at the time. SVB was the 16th largest bank in the country and a major tech startup financier before its sudden collapse last week,
A worker tells people that the Silicon Valley Bank headquarters is closed on March 10, 2023 in Santa Clara, California.
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