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FDIC, Bank

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,

Bloomberg L.P. · 21h

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.

bankingdive · 1h

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.

Silicon Valley on MSN15h

Tech firm moves HQ to Santa Clara campus where Silicon Valley Bank operated

A tech company that aims to use artificial intelligence for products such as smart cameras has leased a building in a Santa Clara office campus where a failed bank once had its headquarters. Ambarella ...

2don 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 ...

The Best Bank ETFs to Buy

The best bank ETFs can offer above-average yields and reduce the complexities of investing in financial stocks.

11d

Top Federal Reserve bank regulator, under fire from GOP, to step down next month

The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation ...

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