Apr 10, 2023

Lawmakers Probe If Collusion Between SVB and Its Biggest Customers Helped Fuel Collapse

Two Democrat lawmakers are probing if "mutual backscratching arrangements" between Silicon Valley Bank (SVB) and some of its biggest customers helped fuel its collapse early last month. Sen. Elizabeth Warren (D-MA) and Rep. Alexandria Ocasio-Cortez (D-NY) have requested responses from some of the largest ...