Silicon Valley Bank CEO and president Greg Becker was interviewed on stage at the annual Upfront Summit in Los Angeles, by The Information reporter Kate Clark. Here's what he said when asked about the simmering concerns.
, Silicon Valley Bank CEO and president Greg Becker was interviewed on stage at the annual Upfront Summit in Los Angeles, by The Information reporter Kate Clark. Here's what he said when asked about the simmering concerns :
So, to me, what are the important things? The important things are: We have a very low loan-to-deposit ratio, which is important when you think about it. So the question that came up in that article you referenced is basically, if you were to sell all your securities, would there be a large loss? And the answer is true. But what we’ve been publicly saying, and we said that last quarter, is that we have is zero intention to sell those securities.
I think the criticism is that you should have seen those interest rates rising. … Do you think you made a mistake in not predicting that we were going to enter this downturn?
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