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 ...
A government-wide hiring freeze is adding to a staffing shortage at the Federal Deposit Insurance Corp., complicating the agency’s efforts to oversee thousands of banks across the country.
(Reuters) — The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary ...
2022, less than three months before its demise. "SVB represents a case of egregious mismanagement of interest-rate and liquidity risks by the bank's former officers and directors," the complaint said.