NEW YORK, March 14 (Xinhua) -- The U.S. 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 (WSJ) reported on Tuesday.
The probes, which are separate and in preliminary phases, include looking into the stock sales that SVB executives' conducted ahead of the tech-focused bank's collapse, according to the report.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
