A depositor of the Cayman Islands branch of California-based Silicon Valley Bank is suing the Federal Deposit Insurance Corporation in the United States for allegedly illegally transferring its entire balance of $250,000 out of its account. Cayman-domiciled Knight League Limited alleges conversion, unjust enrichment, and breach of contract.
Articles Banks & Trusts Cayman Islands Featured Insurance Liquidations & Insolvencies USAOctober 16, 2023
Cayman depositor of Silicon Valley Bank sues FDIC over ‘illegal $250K transfer’
2 months ago