SVB Financial sues US FDIC to recover $1.93 bln seized in SVB rescue
Written by Black Hot Fire Network on July 10, 2023
July 9 (Reuters) - SVB Financial Group (SIVBQ.PK) has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion the regulator seized during its takeover of the failed Silicon Valley Bank in March, according to a filing in a bankruptcy court on Sunday.
