California Gov. Gavin Newsom failed to publicly disclose his SVB ties while lobbying for a bailout
The son of an attorney for the Getty Oil dynasty, Newsom's fundraising prowess and deep ties to California Democrats have put him in the first tier of the party's future presidential contenders. But as Newsom's national profile has grown, his privileged background has emerged as a potential Achilles' heel with voters.
Newsom has not discussed his personal ties to SVB publicly. It is unclear whether he disclosed them to the White House or Treasury during his contacts with the administration over the weekend. from influencing a governmental decision"in which the official knows or has reason to believe the official has a financial interest."
Nathan Click, a spokesperson for Newsom, told Insider that Newsom's"business and financial holdings are held and managed by a blind trust," and have been since he was elected governor in 2018. Click did not respond to detailed questions about the Intercept's reporting on Newsom's SVB ties. Spokespeople for the White House and California Partners Project did not immediately return Insider's requests for comment.Subscribe to push notifications
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