Sen. J.D. Vance of Ohio and progressive watchdogs both have big concerns with how Silicon Valley Bank may have used lucrative perks to convince venture capital firms and startup executives to plop billions of dollars in uninsured deposits onto its balance sheet.
What could bloom in the metaverse winter politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.
A person familiar with the FDIC’s thinking said the issue was a legal requirement for the agency to pursue the option that would cost the deposit insurance fund the least.