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NEW YORK, March 14 (Xinhua) -- The U.S. Securities and Exchange Commission and the Justice Department are investigating how the collapse of Silicon Valley Bank (SVB) became the second largest bank failure in the country's history, The Wall Street Journal (WSJ) reported on Tuesday.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The fall of Silicon Valley Bank revives memories of Lehman Brothers' bankruptcy. The two situations have some fundamental differences, but there is enough in common that the risks that SVB could spark a new global financial crisis is very real.
The shortfall is made up of 'unrealized losses' like those which triggered the collapse of Silicon Valley Bank, a study suggests.
The probes are looking into the stock sales that SVB executives’ conducted ahead of the tech-focused bank’s collapse.