SVB Financial Group, the bankrupt former parent of Silicon Valley Bank (SVB), is seeking to exit court protection by Jan 1 to protect billions of dollars worth of tax benefits that would go to creditors. The timeline could be challenged by an ongoing fight with the Federal Deposit Insurance Corporation (FDIC) over US$2 billion of deposits.
SVB Financial faces year-end deadline for US$2 billion FDIC fight
2023-06-30T03:30:54-04:00June 30th, 2023|
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