Warren and AOC demand SVB depositors disclose bank connections.

1 min read
Source: Bloomberg
Warren and AOC demand SVB depositors disclose bank connections.
Photo: Bloomberg
TL;DR

Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez sent letters to 14 of the largest depositors with Silicon Valley Bank, asking about their connections with the failed bank, including the length of their relationship and the amount of money they had deposited. The letters raised concerns over the bank's relationship with some of the venture capitalists and tech founders who made up much of its customer base.

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