Silicon Valley Bank's former owner, FDIC bracing for fight over $2 bn
SVB Financial, which filed for bankruptcy on Friday, had said in court papers the US Federal Deposit Insurance Corporation took ‘improper actions’ to cut off the parent company from its cash held at its former subsidiary, which was seized by regulators to stem a national bank run
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
