KEY POINTS
  • The Securities and Exchange Commission and the Justice Department are investigating Silicon Valley Bank's failure, NBC News reported.
  • Investigators are looking into stock sales that SVB executives conducted ahead of the tech-focused bank's collapse, people familiar with the matter told NBC.
  • The investigations are separate and in preliminary phases.

In this article

People queue up outside the headquarters of Silicon Valley Bank to withdraw their funds on March 13, 2023 in Santa Clara, California. 

The Securities and Exchange Commission and the Justice Department are investigating how Silicon Valley Bank became the second largest bank failure in U.S. history, NBC News reported Tuesday.

The probes, which are separate and in preliminary phases, include looking into stock sales that SVB executives conducted ahead of the tech-focused bank's collapse, according to people familiar with the matter.

In this article