Silicon Valley Bank’s former owner, FDIC bracing for fight over $2B

SVB Financial Group and the federal regulator that closed its Silicon Valley Bank unit indicated at a bankruptcy court hearing on Tuesday that a fight is looming over $2 billion of the former parent company’s cash that was seized along with the lender. SVB Financial, which filed for bankruptcy on Friday, had said in court … Continue reading Silicon Valley Bank’s former owner, FDIC bracing for fight over $2B