SVB collapse reportedly being probed by Justice Department, SEC

The Justice Department and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The investigations are also examining stock sales that SVB Financial’s executives made days before the bank failed, the report said, adding that the Justice Department’s probe involves the department’s fraud prosecutors in Washington and San Francisco.

The SEC and a spokesperson for the Justice Department in Washington declined to comment. SVB did not immediately respond to a Reuters request for comment.

The Journal report comes a day after SVB Financial Group and two top executives were sued by shareholders, who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit susceptible to a bank run. 


Silicon Valley Bank customers outside the bank.
The Journal report comes a day after SVB Financial Group and two top executives were sued by shareholders.
CHINE NOUVELLE/SIPA/Shutterstock

Follow The Post’s coverage of Silicon Valley Bank’s collapse


The proposed class action lawsuit against SVB, Chief Executive Greg Becker and Chief Financial Officer Daniel Beck was filed in the federal court in San Jose, Calif.

You May Also Like

Mets’ A.J. Minter likely headed to IR after exiting with triceps tightness

WASHINGTON — A.J. Minter felt tightness in his left triceps a pitch…

Top NFL Draft Pick Experiences Heartbreaking Loss Hours After His Selection

The 2025 NFL draft got underway with its first round on…

Snow hits 23-year low in the Himalayas — now it is threatening 2 billion people

It has stopped snowing in the Himalayas. As a result, the water…

Journalist who featured on BBC Arabic called for Jews to be ‘burned as Hitler did’ and boasted children slaughtered by ‘hero’ terrorists would ‘go to hell’ – as Beeb faces fresh antisemitism row

A journalist who featured on the BBC’s Arabic channel has called for…