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FDIC countersues Capital One over Silicon Valley, Signature bank collapses
Reutersยท 2025-11-18 18:51
Core Points - The Federal Deposit Insurance Corporation (FDIC) has filed a lawsuit against Capital One, alleging that the bank underpaid by nearly $100 million in its contributions to assist depositors of Silicon Valley Bank and Signature Bank during their financial distress [1] Group 1 - The lawsuit claims that Capital One's financial contributions were significantly lower than required, impacting the support for depositors affected by the failures of the two banks [1] - The amount in question, nearly $100 million, represents a substantial shortfall in the expected financial assistance from Capital One [1]