FDIC Is Sole Owner Of SVB's $73M Fraud Coverage Claim
law360
1 week ago
11 views
The Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank after its collapse in 2023, is the sole owner of the bank's claim for coverage of a $73 million fraudulent scheme and is entitled to recover proceeds for losses the bank suffered, a North Carolina federal court ruled.
Continue Reading
Sign up for FREE to read the full article and access 131K+ alternative investment headlines.