FDIC sues 17 ex-SVB executives in alleged ‘gross negligence’
The complaint filed Thursday includes the former CEO and CFO of the failed California-based bank, four other ex-executives ...
FDIC sues 17 former Silicon Valley Bank executives, directors over collapse
The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars ...
FDIC Sues Ex-SVB Executives for Billions Over Bank’s Collapse
The Federal Deposit Insurance Corp. sued more than a dozen former Silicon Valley Bank executives for “egregious mismanagement ...
cryptopolitan5h
17 Silicon Valley Bank execs sued by the FDIC for their role in its collapse
The Federal Deposit Insurance Corporation (FDIC) filed a massive lawsuit today targeting 17 former executives and directors ...
American Banker9h
FDIC sues 17 former SVB leaders for negligence leading to failure
The lawsuit alleges mismanagement and fiduciary breaches caused SVB's 2023 collapse, costing the Deposit Insurance Fund $23 billion.
FDIC sues 17 former Silicon Valley Bank executives over collapse
The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the ...
Meet Trump’s leading pick to oversee Wall Street regulation at the Fed
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the ...
BlackRock and Vanguard own huge amounts of bank shares—but only one agrees with FDIC policy on undue influence
Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump ...
American Banker3d
FDIC's Gruenberg warns of risks associated with 'innovation'
In what is likely his final speech before resigning as chair of the Federal Deposit Insurance Corp., Martin Gruenberg warned ...
Institutional Investor1d
BlackRock Gets FDIC Extension as Asset Managers Wait for a New Regulatory Regime
Late last year Vanguard Group entered into an agreement with the Federal Deposit Insurance Corporation as the regulator ...
bankingdive2d
FDIC’s Gruenberg cautions against ‘complacency,’ urges strong supervision
The outgoing FDIC chair, speaking Tuesday at the Brookings Institution, shared lessons learned from bank crises “as we head ...
JPMorgan Chase ‘dark horse’ exec Doug Petno among top three contenders to succeed CEO Jamie Dimon: report
Doug Petno, Troy Rohrbaugh and Marianne Lake are the three top contenders to succeed JPMorgan Chase CEO Jamie Dimon, according to a report.