US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall
Concerns have been raised around the financial health of the tech-focused bank, which services the likes of crypto-friendly VCs such as Sequoia and a16z.
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Concerns have been raised around the financial health of the tech-focused bank, which services the likes of crypto-friendly VCs such as Sequoia and a16z.
The United States Justice Department and the Securities Exchange Commission (SEC) have reportedly launched inquiries into the sudden collapse of Silicon Valley Bank (SVB) — which was shuttered by regulators last week amid a historic bank run. According to “people familiar with the matter,” — cited in a March 14 report from The Wall Street [...]
The post DOJ and SEC to probe SVB collapse and insider stock sales: Report appeared first on Crypto Breaking News.
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