According to reports, the Justice Department and the Securities and Exchange Commission of the United States are conducting an investigation into the failure of Silicon Valley Bank. The investigation comes after the California-based financial institution — majorly catering to venture capitalists and startups — was taken over by regulators last week in the midst of an unprecedented run on its deposits.
Breaking: Silicon Valley Bank Now Under Investigation By U.S. SEC & Department Of Justice
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14 March 2023 15:01, UTC