Silicon Valley Bank's Former Parent Files Lawsuit Against FDIC Over $2 Billion Deposits
TL;DR Summary
SVB Financial, the former parent company of Silicon Valley Bank, is suing the FDIC to regain access to approximately $2 billion in deposits that were seized by the regulator after the bank's collapse. SVB Financial filed for bankruptcy in March, shortly after Silicon Valley Bank was placed into receivership.
- Silicon Valley Bank’s Former Parent Sues FDIC Over $2 Billion in Deposits The Wall Street Journal
- SVB sues FDIC to retrieve $1.9 billion seized in bank failure Yahoo Finance
- SVB sues FDIC to get back $1.9 billion seized during bank failure Yahoo Finance
- SVB Financial Sues to Recover $1.9 Billion From FDIC PYMNTS.com
- Parent Company of Failed Silicon Valley Bank Sues FDIC For $1.93 Billion Investopedia
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