Skip to main content
Comments
E
External Link
Loans to insiders at SVB “more than tripled” to $219 million in the last three months of 2022.

The loans increased as the bank began looking weaker, Bloomberg reports.

In its most-recent proxy statement, SVB Financial Group, the parent company of Silicon Valley Bank before its collapse, said it made loans last year to related parties including “companies in which certain of our directors or their affiliated venture funds are beneficial owners of 10% or more of the equity securities of such companies.”


Share: