Before joining the Silicon Valley Bank (SVB) as the Chief Administrative Officer (CAO) in 2007, Joseph Gentile served as the Chief Financial Officer (CFO) at Lehman Brothers’ Global Investment Bank before the public collapse in 2008.
Gentile worked at Lehman as the CFO, directing the accounting and financial needs in the Fixed Income division before he left in 2007 — just one year before it became one of the biggest banks to declare bankruptcy during the 2008 financial crisis.
Since leaving Lehman, before the major collapse, he has been serving as CAO at SVB.
After being founded in 1983, SVB, the tech sector-focused bank, collapsed last week when panicked customers suddenly withdrew tens of billions of dollars after the bank announced a loss of approximately $1.8 billion from a sale of its investments in U.S. treasuries and mortgage-backed securities.
Ultimately, regulators shut Silicon Valley Bank down, and the Federal Deposit Insurance Corporation (FDIC) took control of the bank and said they would protect insured deposits.
Poster Comment:
He sounds Jewish to me.