SEC and Justice Department are investigating SVB's collapse, including insider stock sales
Publishing timestamp: 2023-03-14 14:21:53
Summary
The Securities and Exchange Commission and Justice Department are investigating SVB's failure, including stock sales conducted by executives ahead of the bank's collapse. The investigations are in preliminary phases and may not lead to any charges. The collapse of SVB and Signature Bank prompted regulators to take extraordinary rescue action and caused financial shock in the markets.
Sentiment: NEGATIVE
Keywords: svb financial group, business news, wall street, stock markets, breaking news: markets, breaking news: business, investment strategy, signature bank, markets, breaking news: investing,
Source: https://www.cnbc.com/2023/03/14/sec-and-justice-department-silicon-valley-bank-investigation.html