SVB Financial Group, the former owner of failed Silicon Valley Bank, received a U.S. judge's permission on Friday to turn over its assets to creditors and...
SVB Financial Group, the former owner of failed Silicon Valley Bank , received a U.S. judge's permission on Friday to turn over its assets to creditors and end its bankruptcy. Its bankruptcy restructuring has made provision for the creation of a trust to pursue litigation against the U.S. Federal Deposit Insurance Corporation which seized $1.9 billion from SVB Financial's bank accounts during Silicon Valley Bank 's 2023 collapse - one of the largest in U.S. banking history.
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SVB Financial Group SVB Financial Bank Accounts FDIC U.S. Federal Deposit Insurance Corporation
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