The probes are looking into the stock sales that SVB executives' conducted ahead of the tech-focused bank's collapse.
The demise of Silicon Valley Bank, as well as crypto-focused Signature Bank over the past few days, prompted extraordinary rescue action from regulators and caused a financial shock that rocked markets, especially shares of regional banks. In addition to backstopping the deposits at SVB and Signature Bank, federal regulators also announced an additional funding facility for troubled banks.Daniel Beck, CFO of SVB, sold 2,000 shares of SVB Financial on Feb.
that regulators could make a second attempt to sell the failed SVB after the auction over the weekend led nowhere.
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SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
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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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SVB Financial mulls strategic options, hires restructuring veteranDefunct startup-focused lender SVB Financial Group said on Monday that it was planning to explore strategic alternatives for its businesses including the holding company, SVB Capital and SVB Securities.
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Alabama fans spotted wearing ‘Killin’ our way through the SEC’ shirts at SEC tournamentFans at the SEC Tournament will reportedly be asked to leave the arena if they are seen wearing shirts that say, 'Killin’ our way through the SEC.'
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