Big news about Silicon Valley Bank (SVB)! It was a big bank that helped many tech companies. Unfortunately, it had some big problems and went bankrupt. Now, there's a legal battle happening.
- SVB's former owners are suing the FDIC (a government group that protects bank money).
- They want back $1.93 billion in money the FDIC took.
- SVB failed because of bad investments and a lot of uninsured money.
- This is one of the biggest bank failures in US history!
| Fact | Number |
|---|---|
| Money SVB wants back | $1.93 billion |
| SVB's assets before failure | $209 billion |
