SVB Financial CEO Greg Becker sold nearly 12,500 shares on February 27, two weeks before the bank’s meltdown.
The CEO of Silicon Valley Bank Financial sold $3.
6 million in stock two weeks before the California banking giant’s epic crash Friday, signaling bank officials might have known the bank was in trouble before it reported a nearly $2 billion loss that led to the biggest bank failure since the Great Recession in 2008.... [+]Greg Becker, the CEO of SVB Financial—the parent of SVB—sold nearly 12,500 shares for $287 each on February 27, making $3.6 million in return.
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