Silicon Valley Bank Ignored BlackRock's Advice, Judge Hears

By Bonnie Eslinger · July 14, 2026, 11:02 PM EDT

Silicon Valley Bank disregarded advice from BlackRock's investment advisory firm suggesting the bank reduce the amount of its long-term mortgage-backed securities, the bank's former treasurer acknowledged Tuesday under questioning from a...

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Case Information

Case Title

SVB Financial Trust v. Federal Deposit Insurance Corporation, as Receiver for Silicon Valley Bank and Silicon Valley Bridge Bank, N.A.

Case Number

5:24-cv-01321

Court

California Northern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

March 05, 2024