SVB Financial sues FDIC to recover $1.93 billion seized in bank rescue - Yahoo Finance

TL;DR

(Reuters) -Bankrupt SVB Financial Group has sued the U. The FDIC has said that Silicon Valley Bank's failure drained its insurance fund by $16 billion and it is legally able to hold the seized funds while it determines SVB Financial's share of the rescue costs. bankruptcy judge had ordered the FDIC to return $10 million in seized tax refund checks to SVB Financial

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