Senate Majority Leader Chuck Schumer has rid himself of political contributions tied to the failed Silicon Valley Bank, giving the campaign funds to charity, according to multiple reports on Tuesda…
The banks — through their employees and affiliated PACs — have given Democrats over a million dollars since 2017, compared to less than $750,000 to Republicans over the same period.
Silicon Valley Bank, along with a few other banks, has given Democrats over a million dollars since 2017.SVB, Signature Bank and Credit Suisse collectively donated $198,926 to Joe Biden’s 2020 presidential campaign compared to just $17,597 to former President Donald Trump in 2020, The Post found. Rep. Maxine Waters , ranking member on the House Financial Services Committee, also said Tuesday that she would be returning contributions she received from Silicon Valley Bank,Waters received $2,500 from Silicon Valley Bank’s PAC 2020 when she led the Financial Services Committee.
SVB and Signature Bank failed within days of each other this weekend, prompting Biden to reassure depositors that his administration would fully protect people who had invested their money in the institutions.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Chuck Schumer will give campaign donations from Silicon Valley Bank's ex-CEO, PAC to charityThe Senate Majority Leader Schumer received campaign donations from both the CEO and political action committee of shuttered Silicon Valley Bank.
Consulte Mais informação »
Can the Government Contain a Banking Crisis? - The Journal. - WSJ PodcastsWhen Silicon Valley Bank imploded last week, it was the second biggest bank failure in U.S. history. Then, over the weekend, another bank, Signature Bank, was also taken over by the government. WSJ financial editor Charles Forelle explains what kicked off this banking crisis and how the government is scrambling to contain it. Further Reading: - How Silicon Valley Turned on Silicon Valley Bank - Silicon Valley Bank Closed by Regulators, FDIC Takes Control - Were SVB and Signature Bank Just Bailed Out by the U.S. Government?
Consulte Mais informação »
US regulators will protect all deposits at Silicon Valley Bank | EngadgetUS regulators have announced that they're taking action to 'fully' protect all deposits at Silicon Valley Bank (SVB)..
Consulte Mais informação »
European markets head for positive open as investors keep an eye on Silicon Valley Bank falloutEuropean markets are heading for a higher open Monday as investors focus on the fallout of the failed Silicon Valley Bank.
Consulte Mais informação »
Here’s what could happen next for Silicon Valley Bank customersInvestors have warned that the failure of government regulators to announce a new plan for restoring SVB’s deposits could lead to cascading issues in other small- and mid-sized banks as well as financial markets.
Consulte Mais informação »
Hedge fund manager Bill Ackman warns of economic meltdown after Silicon Valley Bank collapseBillionaire Bill Ackman predicted that customers would make a run to withdraw funds from small banks unless regulators took action.
Consulte Mais informação »