Sen. Mark Warner says he’ll return Silicon Valley Bank donations if evidence of ‘malfeasance’

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Sen. Mark Warner says he’ll return Silicon Valley Bank donations if evidence of ‘malfeasance’
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Sen. Mark Warner, D-Va., says he will receive thousands in campaign donations he received from the failed Silicon Valley Bank if there is evidence of malfeasance.

Independent Institute senior fellow Judy Shelton reacts to the banking failure and gives her take on the Fed's rate hikes on 'Making Money.'if there was evidence of "malfeasance" uncovered at Tuesday’s hearing by the Senate Banking Committee. CBS’ "Face the Nation,"FILE: Sen. Mark Warner returns to the Senate floor following a recess in the Senate impeachment trial of President Donald Trump on January 30, 2020, in Washington, DC.

Warner said he would support adding additional regulations to mid-size banks if Tuesday’s hearing determines that stress tests would've anticipated the bank’s imminent collapse. Warner was one of many high-profile individuals and entities to receive donations from Silicon Valley Bank. Democratic lawmakers Chuck Schumer, Maxine Waters, and Ro Khanna have returned those donations.

A security guard stands outside of the entrance of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023.

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