FDIC files lawsuit seeking billions of dollars in damages from former SVB executives over bank failure

The Federal Deposit Insurance Corporation has accused more than a dozen former Silicon Valley Bank executives of “egregious mismanagement” and negligence that led to the bank’s dramatic collapse in 2023 before the bank intervened to backstop customer accounts. I filed a complaint. Former chief executive Gregory Becker and former chief financial officer Daniel Beck, in particular, “ignored the fundamentals (…)”