DOJ and SEC Launch Investigations Into SVB Collapse
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
DOJ and SEC Launch Investigations Into SVB Collapse
DOJ and SEC Launch Investigations , Into SVB Collapse.
Last week, the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB) and made the FDIC its receiver.
Last week, the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB) and made the FDIC its receiver.
NBC News reports that on March 14,
the U.S. Justice Department opened an investigation into the bank's demise.
According to two sources with knowledge of the matter, part of the DOJ's probe will seek to determine whether bank executives unloaded any stock ahead of the collapse.
According to the FDIC, SVB's collapse marked the second-biggest on record after Washington Mutual.
According to the FDIC, SVB's collapse marked the second-biggest on record after Washington Mutual.
NBC News reports that on March 12, the FDIC, Federal Reserve and Treasury Department said SVB deposits would be backed in excess of the federally-insured cap of $250,000.
The fall of SVB prompted Signature Bank customers to withdraw over $10 billion in deposits out of fear on March 10, ultimately leading to the bank's collapse as well.
The fall of SVB prompted Signature Bank customers to withdraw over $10 billion in deposits out of fear on March 10, ultimately leading to the bank's collapse as well.
President Biden attempted to
reassure the public that America's
banking system is safe on March 13.
Thanks to the quick action of my administration over the past few days, Americans can have confidence that
the banking system is safe.
, President Joe Biden, via statement.
Your deposits will be there
when you need them, President Joe Biden, via statement
Mamdani Under FIRE: Zohran Mamdani, the Democratic nominee for New Yorkâs mayoral race, is under fierce attack from Republicans questioning the legitimacy of his U.S. citizenship. Tennessee Congressman Andy Ogles mocked Mamdani on X, accused him of lying on his N-400 naturalization form, and cited old rap lyrics as evidence of âmaterial support for terrorism.â Ogles is calling for a DOJ investigation and has labeled Mamdani a âsocialist, communist, and antisemite.â With Mamdaniâs national profile rising, Republicans are escalating efforts to derail his candidacy through citizenship-related attacks.
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Elon Musk claims Donald Trump is mentioned in Epstein Files in X post
Musk was referencing the Justice Department records concerning the late convicted sex offender Jeffrey Epstein, who allegedly procured underage girls for sex for a string of famous names.
READ MORE : http://www.euronews.com/2025/06/05/elon-musk-claims-donald-trump-is-mentioned-in-epstein-files-in-x-post
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Credit: euronews (in English) Duration: 01:16Published
FBI Director Kash Patel says the public will soon receive a âdefinitive answerâ about FBI sources present at the January 6 Capitol riot. Citing a need for transparency, Patel claims upcoming disclosures could âshockâ the nation. A DOJ report confirmed 26 confidential sources were present, three linked to the FBI, though none were directed to act illegally. Patel demands honest, direct answers under oath and ties FBI credibility to long-standing issues like Crossfire Hurricane and other unresolved cases.
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The Pentagon has confirmed it is conducting a âcapability reviewâ to reassess whether military aid to Ukraine aligns with Americaâs shifting defense priorities. Chief spokesperson Sean Parnell said the U.S. is taking a hard look at promised weapons deliveries â some of which are now halted â to ensure national interests come first. The move follows the White Houseâs decision to stop key shipments of air defense ammunition, artillery shells, and missiles previously pledged under the Biden administration.
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Tensions between the United States and Iran have escalated once again after Tehran suspended cooperation with the International Atomic Energy Agency (IAEA) following US and Israeli strikes on its nuclear facilities. US State Department spokesperson Tammy Bruce called Iranâs move "unacceptable" and urged Tehran to resume full cooperation under the Nuclear Non-Proliferation Treaty (NPT).
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US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs
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