PLACING BLAME: Find out which major financial firms have the most legal exposure.
The Satori Fund founder Dan Niles analyzes the banking sector after recent turmoil, telling 'The Claman Countdown' he was shocked to see banks go under as soon as they did.
An auditor and underwriters have reportedly been named for the first time in a lawsuit concerning the collapse of Silicon Valley Bank.in an investor lawsuit based on alleged misstatements leading to the bank’s collapse, according to Bloomberg.The suit names Silicon Valley Bank Chief Executive Officer Greg Becker and other bank directors and officers as defendants. .
FOX Business has reached out to KPMG, Goldman Sachs, Bank of America, Morgan Stanley and Keefe, Bruyette & Woods, Inc., which is named as an underwriter defendant, for comment.After 40 years, Silicon Valley Bank, the nation’s 17th largest, was shut down last month by the FDIC as regulators moved to protect customers as it faced a liquidity crunch after losing $2 billion.
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