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HSBC Urges Court To Ax First Citizens' $1B SVB Secrets Suit

By Bonnie Eslinger (December 21, 2023, 10:58 PM EST) -- HSBC urged a California federal judge Thursday to toss First Citizens Bank's suit claiming it owes $1 billion for stealing confidential information to poach employees from failed Silicon Valley Bank as it was divvied up between the U.K. and U.S. buyers, calling the suit's allegations "vague and conclusory."...

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