FDIC Is Sole Owner Of SVB's $73M Fraud Coverage Claim

By Hope Patti ( June 23, 2026, 6:48 PM EDT) -- The Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank after its collapse in 2023, is the sole owner of the bank's claim for coverage of a $73 million fraudulent scheme and is entitled to recover proceeds for losses the bank suffered, a North Carolina federal court ruled....

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