Justice Department and SEC investigation into Silicon Valley Bank

(ANSA) - NEW YORK, MARCH 14 - The Justice Department and the SEC, the American consob, are investigating the bankruptcy of Silicon Valley Bank.

The Wall Street Journal reports it, citing some sources.

The investigations are separate and are in the preliminary stages.

    Meanwhile, First Republic flies to Wall Street, where it scores a 61% increase.

   The bank has come under pressure with the failure of SiliconValley Bank and has racked up heavy losses in recent sessions.

    Moody's has placed First Republic Bank and five other US lenders under observation pending a downgrade.

The move is yet another sign of re-employment for the health of regional financial institutions following the collapse of Silicon Valley Bank.

(HANDLE).