News about Thomas King
SVB risk officer Matt Bain abruptly resigned from the company last year with over $7.1 million
www.dailymail.co.uk,
March 20, 2023
After having failed to reach a lucrative exit agreement, Laura Izurieta, the former chief risk officer at Silicon Valley Bank, walked away with over $7.1 million last year. SVB's unexplained departure in April 2022 left the organization without a chief risk officer for eight months, which was not mandated by federal law. Izurieta, 62, presided over a spree of bond-buying in 2020 and 2021 that left the bank vulnerable to the kind of frenzied bank run that deposed it last week.