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Silicon Valley Bank parent, CEO, CFO are sued by shareholders for fraud

Summary by CTV News
SVB Financial Group (SIVB.O) and two top executives were sued on Monday by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit, which failed last week, "particularly susceptible" to a bank run.

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  • 55% of the sources are Center
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Forbes broke the news in United States on Monday, March 13, 2023.
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