Silicon Valley Bank's former parent may pursue a lawsuit to recover $1.93 billion of deposits that the Federal Deposit Insurance Corp seized following the bank's March 2023 collapse, a federal judge ...

The North Carolina lender that bought much of Silicon Valley Bank following its March 2023 seizure was sued for trademark ...

The Federal Deposit Insurance Corp., the government agency that insures and regulates thousands of banks across the U.S., ...

The FDIC, which insures bank deposits, failed to adequately oppose a claim that it owes those funds to the bank’s former parent, Silicon Valley Bank Financial Trust, US District Judge Beth ...

There were no failures among the nearly 4,800 institutions the FDIC insured in 2021 or 2022, but that changed in March 2023, when the run on Silicon Valley Bank led to the second-largest bank ...

Since the collapses of Silicon Valley Bank and Signature Bank, coverage from the Federal Deposit Insurance Corporation (FDIC) has been in the spotlight. The FDIC protects up to $250,000 per ...

The FDIC retreated on a plan to strengthen regulation of lenders’ brokered deposits, a move that followed the 2023 collapses of Silicon Valley Bank and Signature Bank. It will also pull back a ...

Silicon Valley Bank's Former Parent Can Pursue $1.93 Billion FDIC Lawsuit By Jonathan Stempel (Reuters) - Silicon Valley Bank's former parent may pursue a lawsuit to recover $1.93 billion of ...

(Reuters) - Silicon Valley Bank's former parent may pursue a lawsuit to recover $1.93 billion of deposits that the Federal Deposit Insurance Corp seized following the bank's March 2023 collapse, a ...

The agency had argued that the deposits were controlled by the FDIC in its capacity as Silicon Valley Bank's receiver, a different legal entity that the former parent is also suing. Freeman also ...