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SVB Financial Files Lawsuit to Recover $1.93 Billion Seized by US FDIC

1 min read
Source: Financial Times
TL;DR Summary

SVB Financial has filed a lawsuit against the US banking regulator in an attempt to recover $1.9 billion. The lawsuit alleges that the regulator wrongfully classified certain loans as high-risk, resulting in SVB Financial being required to hold additional capital against those loans. SVB Financial argues that the loans were not high-risk and seeks to have the regulator's decision overturned.

Topics:business#dollar19bn#finance#lawsuit#recovery#svb-financial#us-banking-regulator
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  1. SVB Financial sues US banking regulator to recover $1.9bn  Financial Times
  2. SVB Financial sues US FDIC to recover $1.93 billion seized in SVB rescue By Reuters  Investing.com
  3. SVB Financial sues US FDIC to recover $1.93 billion  Deccan Herald
  4. SVB Financial sues US FDIC to recover $1.93B  INQUIRER.net
  5. SVB Financial sues US FDIC to recover $1.93 billion seized in SVB rescue  Yahoo Finance
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