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Mongolia , Thursday 16 April 2026

SVB Financial sues FDIC to recover $1.93 bln seized in bank rescue

Published on: Monday 10 July 2023

SVB Financial sues FDIC to recover $1.93 bln seized in bank rescue Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that the regulator seized while it took over Silicon Valley Bank in March, a filing in a bankruptcy court on Sunday showed.


News source: https://www.reuters.com/article/global-banks-svb-fincl-grp/svb-financial-sues-us-fdic-to-recover-1-93-billion-sized-in-sbv-rescue-idUSKBN2YQ04T

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