SENATOR VANCE GRILLS SVB CEO ON MULTI-MILLION DOLLAR BONUS PRIOR TO SVB’S COLLAPSE

WASHINGTON, D.C. – Senator JD Vance (R-OH) questioned Gregory Becker, the former CEO of Silicon Valley Bank, during a hearing of the Senate Committee on Banking, Housing, and Urban Affairs.

Watch Senator Vance’s full exchange with here: 

“Do you think it was ethical? Think about this: American taxpayers are going to be paying higher banking fees because of the $20 billion that the FDIC put into Silicon Valley Bank,” said Senator Vance. “Do you think that it’s ethical to take $3.5 million in stock sales just a couple of weeks before the bank fails?”

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