The Justice Dept. and SEC are launching investigations into Silicon Valley Bank after the lender’s collapse, according to multiple sources familiar with the matter.
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Bank regulators seize Silicon Valley Bank in largest bank failure since the Great RecessionThe bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the bank.
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Can the Government Contain a Banking Crisis? - The Journal. - WSJ PodcastsWhen Silicon Valley Bank imploded last week, it was the second biggest bank failure in U.S. history. Then, over the weekend, another bank, Signature Bank, was also taken over by the government. WSJ financial editor Charles Forelle explains what kicked off this banking crisis and how the government is scrambling to contain it. Further Reading: - How Silicon Valley Turned on Silicon Valley Bank - Silicon Valley Bank Closed by Regulators, FDIC Takes Control - Were SVB and Signature Bank Just Bailed Out by the U.S. Government?
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WSJ News Exclusive | Justice Department, SEC Investigating Silicon Valley Bank’s CollapseBreaking: The collapse of Silicon Valley Bank is under investigation by the Justice Department and SEC, including stock sales by officers days before the bank failed
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Silicon Valley Bank collapse under investigation by Justice Department and SEC: reportRegulators are examining stock sales that officers of Silicon Valley Bank’s parent, SVB Financial, made days before the bank failed, according to a report.
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Justice Department, SEC investigating failure of Silicon Valley BankThe Justice Department and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank after the lender was taken over by regulators, according to a report.
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