At Least Nine Lawmakers Sold Bank Stocks During Turmoil, FT Says

At least nine members of Congress sold banking stocks before and during the market turmoil in March, the Financial Times reported.

Josh Gottheimer, a New Jersey Democrat and member of the financial services committee, disclosed a March 9 sale of shares in Silicon Valley Bank valued at between $1,000 and $15,000, the newspaper said. SVB collapsed the following day, sending US banking stocks plummeting.