SVB Financial is suing regulators to recoup $1.9 bln in cash. The sum would generate $100 mln in interest, four times what it would have earned a year ago. Without that, SVB may need pricier rescue funds: BenWinck
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SVB Financial sues US FDIC to recover $1.93BSVB Financial owned Silicon Valley Bank before it was seized by the regulator in March, and the firm is attempting to sell its remaining assets in bankruptcy.
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SVB Financial sues US FDIC to recover $1.93 blnSVB Financial Group has sued the U.S. Federal Deposit Insurance Corporation (FDIC) to recover $1.93 billion from the regulator seized during the takeover of the failed Silicon Valley Bank in March, according to a filing in a bankruptcy court on Sunday.
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Elevated mortgage rates are leading to sharply higher monthly payments even as home prices easeThe size of the mortgage and the interest rate on the loan influence how large the monthly payment on a 30-year fixed-rate mortgage will be. Those two housing market variables have ballooned in recent years.
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