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© Reuters. A U.S. flag flies exterior a department of the Silicon Valley Financial institution in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder
(Reuters) – SVB Monetary Group, which previously owned bankrupt Silicon Valley Financial institution has sued the U.S. Federal Deposit Insurance coverage (FDIC)Company in a bid to get well $1.93 billion, in keeping with a court docket submitting on Sunday.
SVB Monetary owned Silicon Valley Financial institution earlier than it was seized by the regulator in March, and the agency is trying to promote its remaining property in chapter.
FDIC didn’t instantly reply to a Reuters request for remark.
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