US Justice Department and SEC probe collapse of Silicon Valley Bank

US Justice Department and SEC probe collapse of Silicon Valley Bank
A Silicon Valley Bank Private branch in San Francisco (AP)

The US Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank, according to sources.

The investigations – which are separate inquiries – are in the early stages and will also examine the actions of the bank’s senior executives, two people familiar with the matter told The Associated Press on Wednesday.

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