FDIC sues ex-SVB executives for billions over bank’s collapse

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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. Former Chief Executive Officer Gregory Becker and ex-chief financial officer Daniel Beck, among others, “ignored fundamental […]



https://www.highcpmgate.com/f0c2i8ki?key=d7778888e3d5721fde608bfdb62fd997

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