SVB Financial wants to collect $2 billion it is owed. The FDIC says: Wait your turn. The company, which owned the failed Silicon Valley Bank, hopes to recover $2 billion in deposits held in receivership by the Federal Deposit Insurance Corp. (FDIC). But according to bankruptcy court...
May 07, 2023
“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO Warren Buffet said Saturday (May 6). “It would’ve been catastrophic” if the Federal Deposit Insurance Corp. (FDIC) hadn’t done that, said Buffet, whose comments were reported by CNBC from his company’s annual […]
May 04, 2023
SVB Financial wants to collect $2 billion it is owed. The FDIC says: Wait your turn. The company, which owned the failed Silicon Valley Bank, hopes to recover $2 billion in...
