City of New York v. Federal Deposit Insurance Corporation, as Receiver for Silicon Valley Bank

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA CITY OF NEW YORK, Plaintiff/Counter-Defendant, v. Civil Action No. 24 - 160 (SLS) Judge Sparkle L. Sooknanan FEDERAL DEPOSIT INSURANCE CORPORATION, as receiver for Silicon Valley Bank, Defendant/Counter-Plaintiff. MEMORANDUM OPINION The Federal Deposit Insurance Corporation (FDIC) insures bank depositors against losses and serves as a receiver for failed banks. This lawsuit is about the FDIC’s ongoing receivership of Silicon Valley Bank, which was the largest regional commercial bank in San Francisco until it shuttered in March 2023…