Two executives at doomed Silicon Valley Bank and one of its corporate siblings faced social media scrutiny Monday over their ties to notoriously troubled financial giants — the now-shuttered Lehman Brothers and the scandal-scarred Deutsche Bank.
The employment records of SVB’s Kim Olson and SVB Securities executive Joseph Gentile raised eyebrows on social media after the tech lender’s rapid meltdown prompted fears of a systemic economic crisis. The feds were forced to bail out SVB on Sunday to restore public confidence in the banking sector.
Gentile serves as chief administrative officer of SVB Securities, a standalone investment bank wholly owned by parent company SVB Financial. But prior to taking that role in 2007, Gentile had a short stint as the chief financial officer for the fixed income division of Lehman Brothers’ Global Investment Bank.
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