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FDIC sues 17 former Silicon Valley Bank executives, directors over collapse
The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the bank's March 2023 collapse,
FDIC Sues Ex-SVB Executives for Billions Over Bank’s Collapse
The Federal Deposit Insurance Corp. sued more than a dozen former Silicon Valley Bank executives for “egregious mismanagement” and negligence that allegedly led to the bank’s dramatic collapse in 2023 before the agency stepped in to backstop customer accounts.
FDIC sues 17 former SVB leaders for negligence leading to failure
The lawsuit alleges mismanagement and fiduciary breaches caused SVB's 2023 collapse, costing the Deposit Insurance Fund $23 billion.
2d
on MSN
$20 billion Delta tunnel plan wins endorsement from Silicon Valley's largest water agency
Gov. Gavin Newsom's $20 billion plan to build a massive, 45-mile long tunnel under the Sacramento-San Joaquin Delta to make ...
4d
on MSN
Donald Trump's Tech Bro Orbit—How Silicon Valley Merged With MAGA
Donald Trump's second administration is embracing big tech and disruptors in Silicon Valley, with some of the industry's ...
4d
on MSN
5 things I wish I'd known before I started my career in Silicon Valley at companies like Meta, LinkedIn, and Pinterest
Jean Kang spent a decade working in Silicon Valley. If she had known these things earlier, she would've navigated her career ...
TechCrunch on MSN
7d
Silicon Valley is so dominant again, its startups devoured over half of all US VC funding in 2024
For all the chatter about the decline of San Francisco, the data repeatedly shows that the area is still the best place for ...
1d
The Silicon Valley venture capitalists who want to ‘move fast and break things’ in the defence industry
Enormous sums of venture capital money and influence is pouring into a defence industry which is being reshaped in the image ...
3d
Hegseth Sees Role for Silicon Valley in Nuclear Development
Pete Hegseth said competition is the key to modernizing the nuclear triad to questions from Sen. Deb Fischer (R., Neb.), who ...
2d
on MSN
Malaysia wants to become Asia's Silicon Valley. This time, investors and founders say it's got a shot.
As Malaysia exits an era of political turmoil, its fifth prime minister in the last six years is pushing to transform the ...
1d
Silicon Valley’s bet on AI defence startups and what it means for the future of war – podcast
Political theorist Elke Schwarz talks to The Conversation Weekly podcast on her new research about venture capital investment ...
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