The DOJ and SEC are both probing the SVB collapse, source says

The Associated Press

<p>The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of <a href="https://fortune.com/company/svb-financial-group/" target="_blank">Silicon Valley Bank</a>, a person familiar with the matter told The Associated Press.</p><div class="paywall-selector"></div><div class="paywall">



<p>The investigations – which are separate inquiries – are in the early stages and will also examine the actions of the bank’s senior executives, the person said.</p>



<p>The Justice Department’s investigation involves federal prosecutors in California, along with prosecutors involved in fraud cases, the person said.</p>



<p>The person was not authorized to publicly discuss the specific details of the ongoing investigations and spoke to the AP on condition of anonymity.</p></div>

The actions of senior bank executives will be examined, a person familiar with the matter says.

SVB collapse probed by DOJ, SEC: source

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The separate inquiries are both in early stages and will look at the actions of senior bank executives, a person familiar with the matter said.

SVB collapse probed by DOJ, SEC: source | Fortune

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