Reported about 15 hours ago
SVB Financial Trust, the former parent of Silicon Valley Bank, has filed a lawsuit against First Citizens BancShares for trademark infringement. The lawsuit claims that First Citizens improperly acquired and used the Silicon Valley Bank name and other brand elements after purchasing SVB's assets during its 2023 seizure. The case raises questions about brand ownership and the effects of the bank's collapse on the tech industry.
Source: YAHOO