FDIC Is Sole Owner Of SVB's $73M Fraud Coverage Claim

By Hope Patti · June 23, 2026, 6:48 PM EDT

The Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank after its collapse in 2023, is the sole owner of the bank's claim for coverage of a $73 million fraudulent...

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Case Information

Case Title

SVB Financial Group et al v. Federal Insurance Company et al

Case Number

5:23-cv-00095

Court

North Carolina Eastern

Nature of Suit

Insurance

Date Filed

February 27, 2023