FDIC Sues Ex-SVB Executives for Billions

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 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.
Rowdy FDIC Signals Ex-SVB Execs Should Lawyer UP
The Grinch showed up this year at the nation’s deposit insurer suspending bonuses for senior officials at the FDIC. Bank Regulators have been behaving like frat
Institutional Investor1d
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 ...
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 ...
American Banker1mon
FDIC considers lawsuit against ex-SVB executives
as seen in crises like Silicon Valley Bank's collapse, where he says pre-crisis capital distributions left the bank ill-prepared to withstand depositor runs. Consumer advocacy group Better ...
bankingdive4d
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 ...
The Financial1d
FDIC’s Gruenberg warns against ‘false sense of complacency’ in bank oversight
In one of his last speeches before exiting his current role, FDIC Chairman Martin Gruenberg said he was worried that ...
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 ...