Beth Labson Freeman

SVB Financial Trust Loses $1.7 Billion Claim Against FDIC

A federal judge ruled that SVB Financial Trust cannot recover about $1.7 billion from the FDIC tied to Silicon Valley Bank’s 2023 collapse, finding that the holding company’s executives’ aggressive investment strategy and risk-taking caused the losses. The 206-page decision by U.S. District Judge Beth Labson Freeman after a 12‑day trial held that the holding company’s officers and policies, not the FDIC’s disposition, were responsible for the failures.