Executives at Silicon Valley Bank and First Republic Bank sold millions of stock right before the crash
Silicon Valley Bank CEO Greg Becker sold $3.5 million worth of stock on February 27, nine days beforeSEC filings
Becker sold his stock at $105.18 per share. Today, SVB stock remains halted but is essentially at zero afterFirst Republic Bank executives also managed to sell stock right before the crash. According to, First Republic's chief credit officer sold shares on March 6, two days before Silicon Valley Bank imploded and dragged down shares of other regional lenders.
A spokesman for Herbert told the Wall Street Journal that the stock sales were consistent with his annual estate planning.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
First Republic Bank becomes the latest bank to be rescued, this time by its rivalsThe lenders including J.P.Morgan and Wells Fargo would deposit $30 billion into the beleaguered midsized lender as part of the rescue.
Consulte Mais informação »
SVB collapse: First Republic Bank stock crashes.FirstRepublic Bank is hemorrhaging value for another day, with its stock falling nearly 35% shortly after open today. In the past five days, First Republic has seen 71% of its total value evaporate.
Consulte Mais informação »
SVB collapse: First Republic Bank stock bounces back to positive after 36% dropStocks for FirstRepublic Bank bounced back to trading positive after a 36% slump. First Republic saw 71% of its total value evaporate over the past five days amid the financial panic surrounding the collapse of SVB.
Consulte Mais informação »
First Republic Bank executives sold stock in months leading up to turmoil: ReportSome head executives of FirstRepublic reportedly sold off millions of dollars worth of company stock before the bank entered into turmoil. Those executives include the chief risk officer, the chief credit officer, and the executive chairman.
Consulte Mais informação »
STOCK MARKET NEWS: Credit Suisse, First Republic shares fall in bank rut, FedEx jumpsBank stocks remain volatile as investors weigh First Republic’s cash infusion, Credit Suisse faces more pressure as its future remains uncertain. FedEx delivers upbeat forecast as earnings season winds down. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Consulte Mais informação »