US Lawmakers Went on Bank Stock-Selling Spree Amid Banking Crisis

US Lawmakers Went on Bank Stock-Selling Spree Amid Banking Crisis
Member of the Congressional Hispanic Conference (CHC) Rep. Nicole Malliotakis (R-N.Y.) speaks during a news conference at the U.S. Capitol in Washington, D.C., on Feb. 1, 2023. Alex Wong/Getty Images
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Dozens of members of Congress and their close relatives continued to sell off banking stocks amid the extreme financial turbulence in March prompted by the collapse of Silicon Valley Bank (SVB), according to an analysis by Capitol Trades.

Many of the selloffs came at the same time as some of the lawmakers were actively meeting with banking regulators to discuss the financial turmoil.

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