Ex-SVB Exec Concedes 'Excessive Risks' As FDIC Trial Opens

By Dorothy Atkins · June 29, 2026, 11:48 PM EDT

Silicon Valley Bank's former chief financial officer testified Monday during the first day of a California federal bench trial over the Federal Deposit Insurance Corp.'s claims that the bank's brass mismanaged...

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Case Information

Case Title

SVB Financial Trust v. Federal Deposit Insurance Corporation, as Receiver for Silicon Valley Bank and Silicon Valley Bridge Bank, N.A.

Case Number

5:24-cv-01321

Court

California Northern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

March 05, 2024