https://sputnikglobe.com/20230314/us-justice-department-investigating-collapse-of-silicon-valley-bank-reports-1108396598.html
US Justice Department Investigating Collapse of Silicon Valley Bank: Reports
US Justice Department Investigating Collapse of Silicon Valley Bank: Reports
Sputnik International
WASHINGTON (Sputnik) - The US Justice Department launched an investigation into the collapse of Silicon Valley Bank (SVB), a American daily newspaper reported... 14.03.2023, Sputnik International
2023-03-14T18:13+0000
2023-03-14T18:13+0000
2023-03-14T18:13+0000
americas
silicon valley bank collapse
us
us department of justice
investigation
https://cdn1.img.sputnikglobe.com/img/07e4/08/0f/1080174989_0:161:3071:1888_1920x0_80_0_0_fa556729441a1d47b1f177c7ece0410f.jpg
California regulators shut down SVB on Friday, marking the second largest bank collapse since the 2008 financial crisis. The bank, which was popular among tech firms, was closed after a run on deposits. The investigation will focus on the bank’s collapse and the actions of its senior executives, the report said. The bank’s collapse is linked to an increase in interest rates by the Federal reserve, which caused the impairment of assets on the balance sheets of numerous financial institutions. The United States’ banking sector problem may spill over into other countries, former US Assistant Treasury Secretary Paul Craig Roberts told Sputnik. The Federal Reserve must end its high interest rate policy, Roberts added. Moody’s Investors Service on Tuesday downgraded its outlook for the US banking system from stable to negative following the collapse of SVB, Silvergate Bank and Signature Bank in recent days.
https://sputnikglobe.com/20230314/moodys-downgrades-outlook-on-us-banking-system-to-negative-1108390053.html
americas
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2023
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
silicon valley bank collapse, us, us department of justice, investigation
silicon valley bank collapse, us, us department of justice, investigation
US Justice Department Investigating Collapse of Silicon Valley Bank: Reports
WASHINGTON (Sputnik) - The US Justice Department launched an investigation into the collapse of Silicon Valley Bank (SVB), a American daily newspaper reported on Tuesday, citing a person familiar with the matter.
California regulators shut down SVB on Friday, marking the
second largest bank collapse since the 2008 financial crisis. The bank, which was popular among tech firms, was closed after a run on deposits.
The investigation will focus on the bank’s collapse and the actions of its senior executives, the report said.
The bank’s collapse is linked to an increase in interest rates by the Federal reserve, which caused the impairment of assets on the balance sheets of numerous financial institutions.
The United States’ banking sector problem
may spill over into other countries, former US Assistant Treasury Secretary Paul Craig Roberts told Sputnik. The Federal Reserve must end its high interest rate policy, Roberts added.
Moody’s Investors Service on Tuesday downgraded its outlook for the US banking system from stable to negative following the collapse of SVB, Silvergate Bank and Signature Bank in recent days.
