The North Carolina lender that bought much of Silicon Valley Bank following its March 2023 seizure was sued for trademark infringement on Wednesday by the collapsed bank's former parent.
The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the bank's March 2023 collapse, one of the largest U.S. banking failures.
Silicon Valley Bank's Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its name to Shanghai Innovation Bank, a Chinese financial regulator said late on Friday.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 899 | $610 | $610 | - | - |
| JM John Malone Amundi | 359,114 | $199,822.99 | $199,822.99 | - | - |
| Banks Industry | Financials Sector | Philip C. Cox CEO | OTC PINK Exchange | 78486Q101 CUSIP |
| US Country | 8,553 Employees | - Last Dividend | 16 May 2000 Last Split | 26 Mar 1990 IPO Date |