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FDIC Sues Ex-SVB Executives for Billions
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 for alleged gross negligence and breaches of fiduciary duty that caused the bank's March 2023 collapse,
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 and 11 former directors.
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 billion.
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” and negligence that allegedly led to the bank’s dramatic collapse in 2023 before the agency stepped in to backstop customer accounts.
5h
Why banks fail: Outgoing FDIC chief 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 ...
1d
on MSN
Trump's second term could mean the downfall of the FDIC, CFPB: Here's what that means for consumers
Here’s what experts say about the possible closure of the Federal Deposit Insurance Corporation or the Consumer Financial ...
The Daily Hodl
21h
US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets
The Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a ...
2d
Trump Ally Threatens Action If FDIC's Alleged 'Destruction' Of Crypto Choke Point Documents Proven
Sen. Cynthia Lummis said the FDIC has been accused of destroying materials related to Operation Choke Point 2.0, an alleged ...
bankingdive
4d
FDIC’s Gruenberg cautions against ‘complacency,’ urges strong supervision
The outgoing FDIC chair, speaking Tuesday at the Brookings Institution, shared lessons learned from bank crises “as we head ...
The Daily Hodl
1d
Whistleblowers Allege FDIC Officials Are Destroying Documents Related to Operation Chokepoint 2.0: Senator Lummis
U.S. Senator Cynthia Lummis (R-WY) wants the Federal Deposit Insurance Corporation (FDIC) to secure materials that may be ...
4d
on MSN
BlackRock and Vanguard own huge amounts of bank shares—but only one agrees with FDIC policy on undue influence
Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump ...
bankingdive
5d
FDIC’s Hill sets out priorities for agency’s ‘new direction’
The agency’s vice chair anticipates a shift in bank supervision that emphasizes core financial risks over a process-related ...
6d
FDIC At A Crossroads: Debanking, Crypto, And The Fight For Reform
How will the FDIC navigate crypto banking and Operation Chokepoint 2.0? Dive into the future of financial regulation and ...
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