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DeepNewz, mobile.
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Silicon Valley Bank, which faced the third-largest bank failure in U.S. history, is back under new management. Despite skepticism from some techies, the bank is making a comeback after a year. The bank's president, Marc Cadieux, emphasized that they never left and highlighted that 81% of the old bank's clients remained. The Newcomer Banking Summit featured discussions on the bank's resurgence.
"Marc Cadieux, Silicon Valley Bank president, pushed back hard...“We never left,” he said on stage, expressing frustration with the “false narrative” about the bank’s demise and noting that 81% of the old bank’s clients had stuck around."" @EricNewcomer's banking summit: https://t.co/fcQk1OeaSN
A year after imploding, Silicon Valley Bank tries to make a comeback | Coverage from yesterday's Newcomer Banking Summit https://t.co/kPy12k2v8q @GerritD @washingtonpost
Newcomer Banking Summit: All Eyes on Silicon Valley Bank https://t.co/oHg8NbhhlX
