Mar 18, 04:42 PM

FDIC Offloads $10.5 Billion of Silicon Valley Bank Loans, Faces 'wanton dishonesty' Legal Heat

Silicon Valley Bank faced a collapse a year ago, leading to FDIC offloading $10.5 billion of its loans. The FDIC and Rialto are accused of mishandling a Signature loan transfer, facing legal heat for 'wanton dishonesty.'

#Silicon Valley Bank #FDIC #Rialto #Signature

Written with ChatGPT (GPT-3).

Sources

Richard Christopher Whalen@rcwhalen
2 years ago
“Wanton dishonesty”: Rialto, @FDICgov accused of botching Signature loan extension https://t.co/XDtOM8b1fR Sell the assets Marty....
Hiten Samtani 🗞️@hitsamty
2 years ago
Resurfacing this bad boy in light of the new "wanton dishonesty" lawsuit vs Rialto & FDIC https://t.co/zJFgnk5vBV
Hiten Samtani 🗞️@hitsamty
2 years ago
V interesting suit - Special servicer and the FDIC getting some legal heat - "rife with wanton dishonesty" Special servicers operate w a degree of impunity/opacity that is going to piss some people off. Remember the case of the missing $164M on the Veritas portfolio? https://t.co/FHNxqhfAMM

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FDIC Offloads $10.5 Billion of Silicon Valley Bank Loans, Faces 'wanton dishonesty' Legal Heat

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