Democratic California Gov. Gavin Newsom didn't mention his ties to Silicon Valley Bank in his statement Monday praising the Biden administration for bailing it out.
Sen. Thom Tillis, R-N.C., discusses banking regulations and recent bank failures following last week's collapse of Silicon Valley Bank on 'Your World.'praised the Biden administration's decision to bail out Silicon Valley Bank , but he failed to mention his ties to the now-defunct institution, which holds at least three of his wine companies and reportedly has other financial connections to his family.
"California is a pillar of the American economy, and federal leaders did the right thing, ensuring our innovation economy can continue to grow and move forward." A longtime former employee of Newsom's who handled his finances reportedly told the outlet the governor also kept personal accounts with SVB a number of years.
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