Banks' Political Donations Favor Democrats in Recent Elections
TL;DR Summary
Silicon Valley Bank and Signature Bank primarily donated to Democrat candidates and groups in the past two election cycles before their collapses. During the 2020 election cycle, 96% of SVB Financial Group's contributions went to Democrats, while only 4% went to Republicans. Similarly, Signature Bank donated more to Democrats than Republicans. Senate Majority Leader Chuck Schumer returned the donations he received from SVB and its former CEO.
- SVB, Signature Bank donated primarily to Democrats in the past two election cycles before bank collapse Fox Business
- Silicon Valley Bank executives gave to Democrats and Republicans USA TODAY
- Chuck Schumer gives campaign donations from Silicon Valley Bank's ex-CEO, PAC to charity CNBC
- Chuck Schumer, Dems rush to give back donations from Silicon Valley Bank CEO Fox Business
- SVB, Signature Bank and Credit Suisse donated $1.2M to Dems since 2017 New York Post
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