The probes are looking into the stock sales that SVB executives' conducted ahead of the tech-focused bank's collapse.
The demise of Silicon Valley Bank, as well as crypto-focused Signature Bank over the past few days, prompted extraordinary rescue action from regulators and caused a financial shock that rocked markets, especially shares of regional banks. In addition to backstopping the deposits at SVB and Signature Bank, federal regulators also announced an additional funding facility for troubled banks.Daniel Beck, CFO of SVB, sold 2,000 shares of SVB Financial on Feb.
that regulators could make a second attempt to sell the failed SVB after the auction over the weekend led nowhere.
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