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Joseph Gentile (born 1969) is a businessman noted for having served as both CFO of Lehman Brothers - the bank whose collapse in 2008 marked the climax of the 2007-2008 Financial Crisis, and the Chief Administrative Officer of SVB Securities, sister company to Silicon Valley Bank, which in 2023 suffered the third largest bank collapse in US history.
Mar 12, 2023 · Meet Joseph Gentile. He was the Chief Administrative Officer at Silicon Valley Bank. Prior to joining the firm in 2007, he served as the CFO for Lehman Brothers’ Global Investment Bank. This is ...
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- Thomas Kika
Joseph Gentile is a financial executive with experience in accounting, risk management and investment banking. He has worked for Lehman Brothers, Bank of America and J.P. Morgan, and earned his degrees from St. John’s University.
Mar 13, 2023 · Joe Gentile is the Chief Administrative Officer of SVB Securities, the investment banking subsidiary of SVB Financial Group. He worked at Lehman Brothers for six months as the CFO of their Fixed Income Division, but left before the firm's bankruptcy.
- The Claim: Silicon Valley Bank Official Was There For Lehman Brothers Collapse
- Our Rating: False
- Gentile Not Tied to Silicon Valley Bank, Lehman Brothers Collapse
- Our Fact-Check Sources
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A March 12 Instagram post (direct link, archived link) shows a headshot and a profile of Joseph Gentile. "You can't make this up, the Silicon Valley Banks Chief Administrative Officer was the CFO of Lehman Brothers' when it collapsed," the post reads. The post generated over 11,000 likes in less than a week. Similar posts have amassed hundreds of i...
Gentile is not the chief administrative officer of Silicon Valley Bank. He holds that position at SVB Securities, which is an independent subsidiary. Gentile served as the chief financial officer of Lehman Brothers fixed income division but left more than a year before the firm collapsed.
California’s Silicon Valley Bank collapsed on March 10 after the bank's shares lost over $160 billion in value over a 24-hour period and depositors withdrew their money in panic, as USA TODAY reported. But contrary to the post’s claim, Gentile was never an executive at Silicon Valley Bank, according to a press release. The Silicon Valley Bank's web...
Diane Vieira, March 14, Direct message exchange with USA TODAYSVB Securities, accessed March 14, Joseph GentileSVB Securities, March 13, SVB Securities Sets Record Straight on the Current and Previous Role of Chief Administrative Officer Joseph GentileSVB Securities, March 11, SVB Securities Continues its Independent Operations Unimpeded by Silicon Valley Bank’s Receivership ProceedingsA viral post claims that Joseph Gentile, the chief administrative officer of SVB Securities, was the CFO of Lehman Brothers when it collapsed. This is false. Gentile left Lehman Brothers in 2007 and has no role at Silicon Valley Bank.
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- Sudiksha Kochi
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Mar 13, 2023 · A viral post falsely claims Joseph Gentile, the CAO of SVB Securities, was also a top executive at Silicon Valley Bank, which collapsed in March 2023. SVB Securities is a subsidiary of SVB Financial, but it is financially independent from the bank and has no connection to its failure.
Joseph Gentile is the Chief Administrative Officer at SVB Securities, a financial services firm. He has previous experience as CFO at Lehman Brothers, Bank of America and J.P. Morgan.
- SVB Securities
