The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank, two people familiar with the matter told The Associated Press on Wednesday.
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. The Federal Reserve is facing criticism for missing what observers say were clear signs that Silicon Valley Bank was at a high risk of default.
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