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The Independent UK
The Independent UK
National
Josh Marcus

Senior Democrats hand back Silicon Valley Bank donations following bank’s collapse

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Top Democrats in Congress are vowing to return campaign contributions tied to Silicon Valley Bank (SVB), the tech industry lender which failed last week after a bank run and was temporarily taken over by federal legislators.

Senate Majority Leader Chuck Schumer of New York is giving away $5,800 from former SVB CEO Greg Becker and $2,700 from the bank’s political action committee, the Democrat’s office told The Hill.

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