Warren and AOC Investigate Silicon Valley Bank Depositors' Ties.
TL;DR Summary
Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez have sent letters to 14 of the largest depositors with Silicon Valley Bank, raising concerns over the failed bank's relationship with some of the venture capitalists and tech founders who made up much of its customer base. The lawmakers asked questions about the nature of their connections with SVB, including the length of their relationship and the amount of money they had deposited with the bank. SVB was the biggest US bank failure in more than a decade, and its collapse triggered a backstop by the federal government.
Topics:business#alexandria-ocasio-cortez#bank-failure#elizabeth-warren#finance#silicon-valley-bank#venture-capitalists
- Elizabeth Warren, AOC Ask SVB Depositors to Detail Ties to Bank Yahoo Finance
- What Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez want to know from big Silicon Valley Bank depositors - Silicon Valley Business Journal The Business Journals
- Lawmakers seek details on 'unusually cozy' ties between tech executives and SVB CNN
- Warren, Ocasio-Cortez probe major SVB depositors about role in bank collapse Fox Business
- Warren, AOC press top Silicon Valley Bank depositors about any cushy treatment they received CNBC
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