SVB acquired Boston Private about two years ago which also catered to HNW. Their options were becoming limited.
I know a couple of SVB employees. I reached out to one last night to ask her how she was doing. (She was originally with Boston Private.) She said it is scary. They are not telling the employees anything right now. My guess is the odds are pretty good she won't have a job next week.
SVB acquired Boston Private about two years ago which also catered to HNW. Their options were becoming limited.
I know a couple of SVB employees. I reached out to one last night to ask her how she was doing. (She was originally with Boston Private.) She said it is scary. They are not telling the employees anything right now. My guess is the odds are pretty good she won't have a job next week.