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SVB Ex-Parent's Ch. 11 Plan OK'd With $1.9B FDIC Fight Alive

By Clara Geoghegan (August 5, 2024, 6:16 PM EDT) -- Silicon Valley Bank's former owner received a New York bankruptcy court's blessing to liquidate and emerge from Chapter 11, but the judge rejected portions of the plan that federal regulators argued would hamper their defense against SVB Financial Group's efforts to recoup some $1.9 billion seized by an FDIC receiver when the bank collapsed....

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