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SVB Parent Co. Sues Receivers Over $1.9B In Withheld Funds

By Gina Kim (March 6, 2024, 9:05 PM EST) -- Silicon Valley Bank's former parent company has sued the Federal Deposit Insurance Corp. in its capacity as receiver for its defunct subsidiary and Silicon Valley Bridge Bank in California federal court, alleging it was wrongfully denied its administrative claims to recover approximately $1.9 billion in account funds and other deposit claims....

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