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 depositors at the failed bank, to probe the nature of their relationship with the failed…
Lawmakers Probe If Collusion Between SVB and Its Biggest Customers Helped Fuel Collapse
April 10, 2023
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Sen. Warren Demands Answers From Tesla as Investors Want Elon Musk to Refocus on EV Maker
Sen. Elizabeth Warren (D-Mass.) has renewed her battle with Tesla Motors and Twitter CEO Elon Musk, expressing concerns that he has failed in his legal responsibilities. In a letter (pdf) to Robyn Denholm, the chair of Tesla’s board, Warren asserted that Musk has potentially violated his legal duties since he acquired Twitter for $44 billion….
Sen. Warren Seeks Answers From Tesla as Investors Want Musk to Refocus on Carmaker
Sen. Elizabeth Warren (D-Mass.) has renewed her battle with Elon Musk, the CEO of Twitter and Tesla, expressing concerns that he has failed in his legal responsibilities to the carmaker. Warren claimed in a letter (pdf) to Tesla Chair Robyn Denholm that Musk has potentially violated his legal duties since he acquired Twitter for $44 billion….
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