DOJ, SEC investigate Silicon Valley Bank meltdown
The 11th Hour with Stephanie Ruhle
MS NOW, Stephanie Ruhle
4.4 • 3.6K Ratings
🗓️ 15 March 2023
⏱️ 44 minutes
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| 0:00.0 | Tonight investigating Silicon Valley Banks meltdown, the DOJ putting a magnifying glass to |
| 0:07.3 | the bank's leadership has Democrats tried to take steps to prevent it from happening |
| 0:11.5 | again. |
| 0:12.5 | Then, a Russian fighter jet harasses and collides with the U.S. drone as we get new reporting |
| 0:17.9 | about planned war crimes cases and a dangerous new drug ravaging American streets. |
| 0:24.2 | What you need to know from a doctor on the front lines, as the 11th hour gets underway |
| 0:28.5 | on this Tuesday night. |
| 0:30.3 | Good evening, once again, I'm Stephanie Rul. |
| 0:37.9 | The feds are now scrutinizing the nation's second biggest bank failure. |
| 0:42.1 | NBC News has confirmed the Justice Department and the Securities and Exchange Commission |
| 0:46.2 | are investigating the meltdown at Silicon Valley Bank. |
| 0:49.5 | Two sources tell NBC the DOJ's inquiry is in its early stages and part of it will focus |
| 0:55.4 | on whether bank executives sold any stock prior to the collapse. |
| 0:59.8 | So far, SVB is not commenting. |
| 1:02.4 | As for Klawbacks, a senior administration official says the FDIC has legal grounds to act |
| 1:07.9 | in certain cases that some officials also say to stay tuned on that matter. |
| 1:13.9 | And adds that we could see the administration act to tighten banking regulations. |
| 1:18.1 | While on Capitol Hill, Democratic Senator Elizabeth Warren and Congressman Katie Porter, |
| 1:22.5 | Joe Surprise are working on legislation to repeal a bipartisan Trump era law that rolled |
| 1:28.9 | back some banking rules. |
| 1:31.0 | Meanwhile, we're also following the former president's escalating legal troubles, including |
| 1:35.6 | the latest on the Hush Money case. |
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