Curtius offered founders interest-free loans to help them meet payroll before depositors were guaranteed.Former Tiger Global partner John Curtius offered to mortgage his home to help portfolio founders meet payroll at the height of the Silicon Valley Bank crisis, according to a leaked email seen by Insider.
Curtius, once one of Tiger's most prolific dealmakers, said he would provide"interest-free, fee-free, no equity" loans to founders he had backed while at the US hedge fund who were impacted by the run on the troubled lender. "I don't have a mortgage on my house so am taking one out to fund this for my founders," he said in an email sent on Sunday, March 12, after Silicon Valley Bank wasThe email to founders came before the US Treasury, Federal Reserve Board, and the Financial Deposit Insurance Corporation
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews - SVB’s collapse casts long and global shadow: podcastThe US bank’s failure sparked a mass selloff in bank stocks. In this Viewsroom podcast, Breakingviews columnists debate the causes of investor jitters, the long-term implications of intervention by governments and regulators, and the latest concerns about Credit Suisse.
Source: Breakingviews - 🏆 470. / 51 Read more »
SVB’s collapse casts long and global shadow by ViewsroomThe US bank’s failure sparked a mass selloff in bank stocks. In this Viewsroom podcast, Breakingviews columnists debate the causes of investor jitters, the long-term implications of intervention by governments and regulators, and the latest concerns about Credit Suisse.
Source: Breakingviews - 🏆 470. / 51 Read more »
SVB’s collapse casts long and global shadow by ViewsroomThe US bank’s failure sparked a mass selloff in bank stocks. In this Viewsroom podcast, Breakingviews columnists debate the causes of investor jitters, the long-term implications of intervention by governments and regulators, and the latest concerns about Credit Suisse.
Source: Reuters - 🏆 2. / 97 Read more »