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Silicon Valley Bank reportedly fired over 100 employees two months before regulators came in and shut the company down, an internal email revealed.
Legal experts said a focus of the investigation could be insider sales by several bank executives in the weeks before the bank’s failure.
Andy Kessler, who had a long career in finance before joining the Journal as a columnist, wrote on Monday that a number of reasons could have led to the bank's collapse.
The US 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 reported on Tuesday.
While depositors will be made whole under an extraordinary move by regulators, a fire sale of the entire bank and advisors fleeing to competitors create new challenges.