Silicon Valley Bank's former parent company says U.S. regulator is cutting it off from cash | CBC News
Briefly

from www.cbc.ca1 year ago
SVB Financial Group said on Tuesday the U.S. Federal Deposit Insurance Corporation (FDIC) had taken "improper actions" to cut it off from cash held at its former subsidiary Silicon Valley Bank, which was seized by regulators to stem a national bank run.SVB Financial made the accusations in court filings ahead of its first bankruptcy hearing on Tuesday afternoon in Manhattan.
Read at www.cbc.ca
#immediately #investigation #accusations #shareholders #santa-clara #venture-capital #tuesday-afternoon #financial-crisis
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