Sources revealed that Kim Olson, Silicon Valley Bank's chief risk officer, will leave after only three months in office. SVB's chief audit officer will also leave.

In addition, HSBC USA announced that it has hired 40 bankers from SVB to help build new products "dedicated to the innovation economy." The bank has poached senior talent from SVB, including Chief Business Development Officer Sunita Patel, Head of Life Sciences and Healthcare Katherine Andersen, Head of Technology and Healthcare Banking David Sabow, and Head of Technology Credit Solutions Melissa Stepanis. (TechCrunch)