The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank.
The investigations - which are separate inquiries - are in the early stages and will also examine the actions of the bank's senior executives, the people said. They were not authorized to publicly discuss the specific details of the ongoing investigations and spoke to the AP on condition of anonymity.
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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 Good. Accountability? Doubtful. Don't care about the other guys....Just find a way to Lock up Peter Thiel
Source: WSJ - 🏆 98. / 63 Read more »
SEC and Justice Department reportedly investigating SVB's collapse, including insider stock salesThe probes are looking into the stock sales that SVB executives' conducted ahead of the tech-focused bank's collapse. I wonder if they’ll also investigate Signature Bank, where serial-incompetent-politician Barney Frank was on the board? He assured people very recently that everything was fine at the bank. Corrupt POS. It’s not that nefarious; it’s just incompetence. Pull the internal ERM reports to see how much they were lying to themselves.
Source: CNBC - 🏆 12. / 72 Read more »
SVB collapse: Justice Department, SEC investigating bank's failureDOJ & SEC are investigating the collapse of Silicon Valley Bank. While the probes may not lead to charges or allegations of misconduct, this is an action typical of prosecutors & regulators after financial institutions suffer large, unexpected losses. Always reactionary Peter Thiel killed it. The Times of Israel said a situation room was set up to facilitate the Israeli companies that wanted to move $ from SVB bank before the Feds took over. They transferred $1B this was not the case for everyone. There was no Risk Management exec for 9 months prior. Summit News 3/14.
Source: dcexaminer - 🏆 6. / 94 Read more »
SVB collapse reportedly being probed by Justice Department, SECThe investigations are also examining stock sales that SVB Financial’s executives made days before the bank failed, the report said. 2 three letter agencies you can really trust! I feel a bad episode of ScoobyDoo coming in... Does it matter? This was intentional because the government wants more control over the banking system and the economy. Does the DOJ realize that Becker is a Class A Director of the San Francisco Federal Reserve Bank? We might want to investigate the Federal Reserve Bank.
Source: nypost - 🏆 91. / 67 Read more »
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. And they’ll let them go away with it This is a concerning development that could have serious implications. We'll be keeping an eye on this situation.
Source: MarketWatch - 🏆 3. / 97 Read more »
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. Most of the snowflakes working there were unqualified or were donors. Starting to see a pattern here clawback….
Source: WashTimes - 🏆 235. / 63 Read more »