Silicon Valley Bank (SVB) went bankrupt last year, causing a big problem for many tech companies. First Citizens Bank bought many of SVB's things, including its name and logo. Now, SVB is suing First Citizens because they say they didn't have permission to use those things!
- SVB is suing First Citizens for using its name and logo.
- SVB says First Citizens didn't get permission to use these things.
- First Citizens says they *did* get permission from the FDIC (a government agency).
- This is a big legal battle about trademarks – that's like a special name or logo that only one business can use.
| Fact | Number |
|---|---|
| SVB's assets before bankruptcy | $209 billion |
| Amount SVB is trying to recover | $1.93 billion |
| Increase in First Citizens' share price since takeover | More than tripled |
