Ex-SVB Treasurer Says No Risky Actions Taken Before Failure

By Bonnie Eslinger · July 14, 2026, 12:03 AM EDT

Silicon Valley Bank's former treasurer defended the bank's former leadership Monday during a California federal bench trial over the FDIC's claim they mismanaged its assets before its 2023 collapse, saying he...

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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