The complaint filed Thursday includes the former CEO and CFO of the failed California-based bank, four other ex-executives ...

The lawsuit alleges mismanagement and fiduciary breaches caused SVB's 2023 collapse, costing the Deposit Insurance Fund $23 ...

The Federal Deposit Insurance Corporation (FDIC) filed a massive lawsuit today targeting 17 former executives and directors ...

The Federal Deposit Insurance Corp. sued more than a dozen former Silicon Valley Bank executives for “egregious mismanagement ...

The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars ...

A government-wide hiring freeze is adding to a staffing shortage at the Federal Deposit Insurance Corp., complicating the ...

A Government Accountability Office report Thursday said emergency actions taken by federal regulators in the wake of Silicon ...

The outgoing FDIC chair, speaking Tuesday at the Brookings Institution, shared lessons learned from bank crises “as we head ...

The FDIC faulted the bank’s overreliance on unhedged ... less than three months before its demise. “SVB represents a case of egregious mismanagement of interest-rate and liquidity risks ...

“SVB represents a case of egregious mismanagement of interest-rate and liquidity risks by the Bank’s former officers and directors,” the FDIC said in the complaint, highlighting that the ...

FDIC Sues Ex-SVB Executives for Billions Over Bank’s Collapse Ex-CEO, CFO of Silicon Valley Bank accused of mismanagement Bank’s 2023 failure was biggest since 2008 financial crisis ...