Boston Private calls bid to kill SVB deal a ‘reckless gamble’

Boston Private shareholder HoldCo Asset Management has taken lots of swipes at the bank’s leadership lately in its bid to stop its sale to Silicon Valley Bank’s parent. Boston Private’s board has fired back in a scathing letter, pointing to HoldCo’s alleged "dangerous inexperience" in the banking sector. A HoldCo co-founder called the claim "laughable."