Silicon Valley Bank—which is under federal government control after becoming the second-largest bank failure in U.S. history last week—has a new CEO, Tim Mayopoulos. Mayopoulos, who has other crisis experience, says that business will carry on as usual while he works to unwind the bank’s assets. The Federal Deposit Insurance Corporation (FDIC) was quick to intervene on Friday after Silicon Valley Bank faced a bank run in the face of mounting concerns over its cash flow and assets that had declined in value. On Monday, Mayopoulos– The businessman brings decades of legal and financial leadership experience, notably his time as president and CEO of Fannie Mae, a government-sponsored company that buys and guarantees home loans.

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