Silicon Valley Bank Donations in Question Amid Bank Failures and Legislation Exploration
TL;DR
Senator Mark Warner has said he will return donations he received from Silicon Valley Bank if there is evidence of "malfeasance" uncovered at Tuesday's hearing by the Senate Banking Committee. Warner was one of 16 Democrats who voted for a 2018 law that rolled Dodd-Frank banking regulations put in place after the 2008 financial crisis. In the wake of Silicon Valley Bank collapsing, the rollbacks have received fresh scrutiny. Democratic lawmakers Chuck Schumer, Maxine Waters, and Ro Khanna have returned those donations.
Topics:businesspolitics#banking-regulations#dodd-frank#donations#mark-warner#politics#silicon-valley-bank
- Sen. Mark Warner says he’ll return Silicon Valley Bank donations if evidence of ‘malfeasance’ Fox Business
- First came bank failures. Now comes the House hearing CNN
- Rep. Maxine Waters: 'Your government did something good' in helping failed banks MSNBC
- Silicon Valley lawmaker explores legislation after bank collapse - San José Spotlight San José Spotlight
- Silicon Valley Bank depositor roundtable explores potential damage to startups, nonprofits San Francisco Chronicle
Want the full story? Read the original reporting
Read on Fox Business