Silicon Valley Bank’s Former Owner Sues US Watchdog for $1.9bn 

SVB Financial Group, the former owner of the bankrupt Silicon Valley Bank, has sued a financial regulator in the United States in a bid to claw back more than $1.9bn. <br />SVB Financial says the US Federal Deposit Insurance Corporation violated US bankruptcy law by keeping $1.93bn in cash after taking over the group’s banking arm earlier this year. <br />The FDIC seized Silicon Valley Bank’s assets in March, marking the biggest bank collapse since Washington Mutual at the peak of the 2008 financial crisis.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>