Investigators are looking into what went wrong in the collapse of Silicon Valley Bank and examining stock sales by bank executives.
Investigators are also examining stock sales by bank executives made days before the bank failed.
When we visited SVB Menlo Park on Friday, the mood of customers was concern and fear that they may lose their businesses after the bank failure. On Monday, some felt relief. The line to get funds back was long and slow moving, some people arrived before the branch even opened at 9 a.m. There was no option for wire transfers and it took about an hour and a half to get through.FDIC employees answered questions along the way before the customers could enter the doors for the first time since last week.
Patience is easier said than done when you're talking about millions of dollars in some cases, like with Otter.ai co-founder and CEO Sam Liang.
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