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The Independent UK
The Independent UK
National
Oliver O'Connell

Justice Department and SEC to probe stock sales ahead of Silicon Valley Bank collapse, report says

Silicon Valley Bank United States
REUTERS

The US Department of Justice and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, The Wall Street Journal reports, citing people familiar with the matter.

The tech and start-up-focused lender based in Santa Clara, California, was taken over by regulators on Friday during a run on its deposits, making it the second-largest bank failure in US history.

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