FDIC sues 17 former Silicon Valley Bank executives, directors over collapse
The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars ...
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FDIC sues 17 ex-SVB executives in alleged ‘gross negligence’
The complaint filed Thursday includes the former CEO and CFO of the failed California-based bank, four other ex-executives ...
FDIC Sues Ex-SVB Executives for Billions Over Bank’s Collapse
The Federal Deposit Insurance Corp. sued more than a dozen former Silicon Valley Bank executives for “egregious mismanagement ...
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17 Silicon Valley Bank execs sued by the FDIC for their role in its collapse
The Federal Deposit Insurance Corporation (FDIC) filed a massive lawsuit today targeting 17 former executives and directors ...
American Banker11d
FDIC sues 17 former SVB leaders for negligence leading to failure
The lawsuit alleges mismanagement and fiduciary breaches caused SVB's 2023 collapse, costing the Deposit Insurance Fund $23 ...
Why banks fail: Outgoing FDIC chief Martin Gruenberg assesses banking industry risks
By most measures, the nation's banking system is in solid shape, with just two failures in 2024. Yet the outgoing chairman of ...
Institutional Investor13d
BlackRock Gets FDIC Extension as Asset Managers Wait for a New Regulatory Regime
Late last year Vanguard Group entered into an agreement with the Federal Deposit Insurance Corporation as the regulator ...
FDIC 'problem bank' list grows as industry profits dip
A top U.S. bank regulator added two banks with combined assets of roughly $84 billion to its so-called "problem bank" list in the third quarter, while overall industry profits dipped 8.6%, the ...
JD Supra1d
Kansas Bank's Suit Could Upend FDIC Enforcement Authority
On Nov. 19, 2024, the Federal Deposit Insurance Corp. issued a notice of assessment finding that between December 2018 and August 2020, CBW Bank — ...
Daily Digest: BofA CEO warms to crypto; Slanted Door founder dies
It's a busy Tuesday in the Bay Area. Don't miss all the local business news: Trump 2.0 changes, Waymo, BofA on crypto, FDIC ...
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FDIC sues 17 former Silicon Valley Bank executives over collapse
(Reuters) — The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary ...