{"id":1875351,"date":"2023-03-13T06:56:04","date_gmt":"2023-03-13T10:56:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fdic-names-former-fannie-mae-chief-as-ceo-of-silicon-valley-bank\/"},"modified":"2023-03-13T09:12:30","modified_gmt":"2023-03-13T13:12:30","slug":"fdic-names-former-fannie-mae-chief-as-ceo-of-silicon-valley-bank","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fdic-names-former-fannie-mae-chief-as-ceo-of-silicon-valley-bank\/","title":{"rendered":"FDIC names former Fannie Mae chief as CEO of Silicon Valley Bank"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffdic-names-former-fannie-mae-chief-as-ceo-of-silicon-valley-bank%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1875351&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!--?xml encoding=\"utf-8\" ?--><\/p>\n<div class=\"entry-content\">\n<p>(Reuters) -The Federal Deposit Insurance Corporation on Monday named former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group.<\/p>\n<p>He steps in after regulators shuttered the startup-focused lender on Friday after a run on its deposits that left it with a dearth of capital.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\"><script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script><\/div>\n<p>Mayopoulos served as the chief executive officer of mortgage financier Fannie Mae for more than six years before he joined fintech Blend.<\/p>\n<p>The collapse of SVB, the biggest bank to fail since the financial crisis of 2008, has crippled stocks and triggered concerns of a contagion throughout global markets.<\/p>\n<p>Last week, the bank failed to raise capital to plug a $1.8 billion loss from the sale of a $21 billion portfolio of available-for-sale securities that triggered massive deposit outflows.<\/p>\n<p>The regulator has also transferred all deposits \u2014 both insured and uninsured \u2014 and substantially all assets of the bank to a newly created bridge bank.<\/p>\n<p>(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Sriraj Kalluvila)<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<hr \/>\n<p>&#8220;From <a href=\"https:\/\/www.oann.com\/business\/fdic-names-former-fannie\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fdic-names-former-fannie\">FDIC names former Fannie Mae chief as CEO of Silicon Valley Bank<\/a>&#8221;<\/p>\n<hr \/>\n<p><span style=\"font-size: 11px;\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -The Federal Deposit Insurance Corporation on Monday named former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group. He steps in after regulators shuttered the startup-focused lender on Friday after a run on its deposits that left it with a dearth &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1889963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"FDIC names former Fannie Mae chief as CEO of Silicon Valley Bank","footnotes":""},"categories":[542],"tags":[5373,3850,5772,21442,21325,21443,6574,8107,8109],"class_list":["post-1875351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-bank","tag-ceo","tag-chief","tag-fannie","tag-fdic","tag-mae","tag-names","tag-silicon","tag-valley"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"FDIC names former Fannie Mae chief as CEO of Silicon Valley Bank","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1875351"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889963"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}