Execs Inside Collapsed Bank Move to Profit from It - If One Name Sounds Familiar, It's Because He Had Big Role at Lehman Before 2008 Crash

Execs Inside Collapsed Bank Move to Profit from It – If One Name Sounds Familiar, It’s Because He Had Big Role at Le

A familiar face from a past economic disaster could be on the verge of profiting…

IJR

A familiar face from a past economic disaster could be on the verge of profiting off the current Silicon Valley Bank calamity.

SVB, taken over by the Federal Deposit Insurance Corporation at the request of California regulators, is arguably the second-biggest bank failure of its kind in America — but that clearly doesn’t mean there aren’t ways to capitalize off of its collapse.

According to a report from Bloomberg, the managers of the investment banking arm of Silicon Valley Bank, SVB Securities, are seeking a “management buyout of the business.”