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 ...

Over the last two weeks, Insider has conducted a series of interviews with an employee of Silicon Valley Bank who gave a firsthand ... so wonderful to work with." "SVB has been such a great ...

In March 2023, it stepped up and transferred all deposits of SVB to a newly created "bridge bank" to protect depositors. Later that month, the FDIC fashioned a takeover of SVB by First Citizens Bank.

On top of that, banks with many larger depositors (as was the case with SVB and First Republic) should be required to carry extra insurance to cover those deposits over the FDIC ceiling.

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

“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 ...