FDIC appoints former Fannie Mae CEO Tim Mayopoulos as CEO of Silicon Valley Bank

  • FDIC appoints Tim Mayopoulos, former CEO of Fannie Mae, as CEO of Silicon Valley Bank.
  • Mayopoulos served as the CEO of Fannie Mae for over six years before joining fintech Blend.
  • The collapse of Silicon Valley Bank, the biggest bank to fail since the 2008 financial crisis, has caused stock prices to drop and raised fears of a contagion throughout global markets.