Breaking: Goldman Sachs, KPMG Sued Over SVB Collapse

Crypto News: The global banking crisis triggered by the collapse of Crypto friendly Silicon Valley Bank (SVB) has left industry biggies in legal trouble. KPMG LLP as SVB’s auditor with underwriters involving Goldman Sachs Group Inc, Morgan Stanley & Co. and Bank of America Corp has been reportedly sued for making misleading statements resulting in the SVB crash.

According to a complaint filed in the San Francisco Federal court has targeted the Silicon Valley Bank’s bank auditors and underwriters. It mentioned SVB CEO Greg Becker and other bank executives as defendants.

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