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Investigation by DOJ and SEC Launched on Silicon Valley Bank's Failure Individually


Sources told ABC News that the FBI will be looking into whether any of Silicon Valley's senior leadership got unusual bonuses or sold stocks in the days leading up to the bank's collapse. WATCH FULL EPISODES OF WORLD NEWS TONIGHT: WATCH WORLD NEWS TONIGHT ON HULU: #worldnewstonight #abcnews #DOJ #sec #siliconvalleybank #svb...(read more)


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The Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have launched separate investigations into the failure of Silicon Valley Bank, which occurred in March of this year. According to reports, the DOJ's probe will investigate possible fraud or other criminal conduct related to the bank's failure, while the SEC's investigation will focus on potential securities law violations. Silicon Valley Bank, which primarily provided banking and financial services to startups and venture capital firms, had been under financial strain for some time before its collapse. The bank's troubles were exacerbated by the COVID-19 pandemic and its economic impact, which led to a sharp increase in loan defaults and a decline in the value of its loan portfolio. The investigations come as concerns grow over the stability of the financial system in Silicon Valley, which has long been fueled by venture capital and other forms of investment. The collapse of a prominent player like Silicon Valley Bank could have significant ripple effects throughout the tech industry, potentially leading to a tightening of credit and a slowdown in innovation. The investigations are also likely to have broader implications for the financial industry as a whole, as regulators grapple with how to prevent similar failures in the future. The DOJ and SEC are expected to take a close look at regulatory oversight of the banking sector, as well as the role of auditors and other outside parties in monitoring the financial health of banks and other financial institutions. It remains unclear at this point what the outcome of the investigations will be, or how long they will take to complete. However, the probes represent a significant development in the ongoing debate over the role of regulation in the tech industry and the broader financial system. As the investigations continue, it is likely that we will see further scrutiny of the banking sector and a renewed focus on preventing similar failures in the future. https://inflationprotection.org/investigation-by-doj-and-sec-launched-on-silicon-valley-banks-failure-individually/?feed_id=91218&_unique_id=64477263e6775 #Inflation #Retirement #GoldIRA #Wealth #Investing #abc #bank #collapse #doj #economy #FBI #Finance #money #news #personal #p_cmsid2494279 #p_vidnews97865208 #SEC #Silicon #svb #tonight #Valley #World #BankFailures #abc #bank #collapse #doj #economy #FBI #Finance #money #news #personal #p_cmsid2494279 #p_vidnews97865208 #SEC #Silicon #svb #tonight #Valley #World
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