Silicon Valley Bank, a bank previously the 18th largest in the United States, is today the most talked about bank in the world, for all the wrong reasons. Here's 5 reason for the demise of America's 18th largest bank.
Greg Becker, the chief executive officer of Silicon Valley Bank, made a personal profit of $3.37 million in January, after converting SIVB options and selling stock.
Just hours before it was revealed Silicon Valley Bank - the 18th largest bank in the U.S. - is on the brink of bankruptcy, one options trader executed a trade that would turn $4000 into just over $1.2 million. Here's how it happened.