KPMG, Goldman Sachs, others sued over Silicon Valley bank closure

According to Jinshi reports, KPMG, which is responsible for providing audit services for Silicon Valley Bank, and Silicon Valley Bank stock or bond underwriters such as Goldman Sachs, Morgan Stanley, and Bank of America, have been sued for issuing misleading statements that led to the closure of Silicon Valley Bank. The lawsuit was submitted to the U.S. Federal Court in San Francisco on the 7th local time. In addition to auditors and underwriters, former Silicon Valley Bank CEO Greg Becker and several directors and executives were also sued.