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.
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 of Silicon Valley Bank (SVB),
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.
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