Silicon Valley Bank was hit with its first, of likely many, securities lawsuit on Monday. Silicon Valley Bank Financial Group and two top executives were sued on Monday by shareholders,…
-
-
The employees of Silicon Valley Bank were given their annual bonuses just hours before the bank collapsed and was taken over by regulators. The bank is used by numerous startups…
-
Money
California Regulators Close Silicon Valley Bank – CEO Allegedly Sold $3.5 Million in Stock in Last Two Weeks
The California Department of Financial Protection and Innovation shuttered SVB and named the Federal Deposit Insurance Corp. (FDIC) as its receiver, officials said in a release. The California regulator cited…
