Silicon Valley Bank was shut down by state and federal banking regulators on March 10. The bank's parent company, SVB Financial Group, entered bankruptcy on March 17. AP
Silicon Valley Bank was shut down by state and federal banking regulators on March 10. The bank's parent company, SVB Financial Group, entered bankruptcy on March 17. AP

Business

Banking

How the Fed's report on SVB collapse could strengthen shareholder lawsuits

The bank's former executives face a bevy of proposed class action lawsuits by shareholders for allegedly hiding risks

Reuters

April 30, 2023