It appeared to be the first of many likely lawsuits over the demise of Silicon Valley Bank, which US regulators seized on March 10 following a surge of deposit withdrawals.
and Chief Financial Officer Daniel Beck was filed in the federal court in San Jose, Calif.which US regulators seized on March 10 following a surge of deposit withdrawals.$1.8 billion after-tax loss from investment salesSilicon Valley Bank had an estimated $209 billion of assets and $175.4 billion of deposits before its collapse, in the largest US bank failure since the 2008 financial crisis.
The suit appeared to be the first of many likely lawsuits over the demise of Silicon Valley Bank. Above CEO Greg Becker.
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