(C) Common Dreams
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Voters Support Bank Reforms in the Wake of Silicon Valley Bank’s Collapse [1]
['Timothy Bresnahan']
Date: 2023-04-10
By Kevin Hanley
On March 10, Silicon Valley Bank (SVB), a lender to some of the biggest technology and startup companies, became the largest bank to fail since the Great Recession. In light of the collapse of SVB, Data for Progress, in collaboration with the Progressive Change Institute, conducted a survey investigating voters' support for tougher banking regulations.
Over two-thirds of voters (69 percent) report being “very concerned” or “somewhat concerned” about the health of the banking industry in the U.S. following SVB’s collapse. And voters overwhelmingly support congressional action to strengthen the rules for banks: 87 percent of Democrats, 80 percent of Independents, and 78 percent of Republicans support measures that would make a similar bank failure less likely.
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[1] Url:
https://www.dataforprogress.org/blog/2023/4/10/voters-support-bank-reforms-in-the-wake-of-silicon-valley-banks-collapse
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