Lawmakers seek details on 'unusually cozy' ties between tech executives and SVB | CNN Business

Democratic lawmakers sent letters to 14 of the largest depositors at Silicon Valley Bank, seeking details about the lender’s “unusually cozy” relationships with its well-heeled clients. Senator Elizabeth Warren of Massachusetts and Representative Alexandria Ocasio-Cortez of New York sent the letters Sunday to executives at Roku, Roblox, Circle and BlockFi, among others, raising questions about their “white glove” treatment by SVB. Silicon Valley Bank was known to cater to the tech startup world.

SVB reportedly provided lower-interest-rate mortgages for tech start-up founders whom other banks wouldn’t lend to, according to the New York Times, while sponsoring industry ski trips, conferences, and fancy dinners, the lawmakers wrote. “Silicon Valley Bank’s unusually cozy relationship with its clients increased the threat of contagion when the bank went under,” said Senator Warren in a statement.

RFK - ALL THE WAY

Government officials investigated themselves/their close friends and found nothing wrong?

Maybe they should worry about Judges

It's funny when you said that Democrats don't do anything wrongConsidering that Democrats were sympathizing with the trans shooter. Democrats are OK with the black violence that claims the lives of innocent black lives nightly including children being shot in drive by shootings

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

HSBC buys Silicon Valley Bank’s UK business, ending ‘nightmare’ for British techHSBC has scooped up the UK arm of failed Silicon Valley Bank, securing the deposits of thousands of British tech firms that hold money at the lender.
Bron: mercnews - 🏆 88. / 68 Lees verder »