The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank.
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.
The Justice Department’s investigation involves federal prosecutors in California, along with prosecutors involved in fraud cases, the people said.
