The US Department of Justice began to sort out the bankruptcy of Silicon Valley Bank

The US Department of Justice and the Securities Commission are investigating the unexpected collapse of Silicon Valley Bank. About it writes RBC with reference to The Wall Street Journal.

The authorities will also investigate the unexplained sale of shares, which was carried out by bank employees a few days before the bankruptcy. Head of SVB Financial Greg Becker and financial director Daniel Beck refused to answer questions about the incident.

Earlier, the international rating agency Moody’s downgraded the outlook for the entire US banking system from stable to negative. Their decision was largely influenced by the collapse of the country’s major banks.