Mayoupolous spent more than six years as CEO of Fannie Mae and then hopped over to fintech Blend.
The FDIC transferred all deposits and essentially all assets of the failed bank to the new financial institution.
-
MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 24 seconds
Ex-Fannie Mae Boss to Run Silicon Valley Bridge Bank
The Federal Deposit Insurance Corporation has tapped former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a newly formed “bridge bank” after the collapse of SVB Financial Group. So reports Reuters.
MOST READ STORIES
Fast,Easy & Free
