April 25, 2024

Report: Loans to Silicon Valley Bank Insiders Tripled to Record High as Collapse Loomed

Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed. Bloomberg reports that last month, Silicon Valley Bank failed as a result of a $42 billion bank run from investors and depositors. The bank’s internal problems have come

EXCLUSIVE: SBA Hid Comms With Planned Parenthood Amid GOP Criticism Over PPP Loans

The Small Business Administration hid communications with Planned Parenthood regarding allegedly illegal COVID-19 loans, emails obtained by the Daily Caller News Foundation show. The DCNF filed a Freedom of Information Act request in May 2020 for communications regarding Planned Parenthood’s Paycheck Protection Program loans after GOP lawmakers called for an investigation into the $80 million…

Source: