Failed Bank Held Fundraiser For Rep Overseeing Probe

Bloomberg News reports:

Ten days before Signature Bank collapsed, the House Republican overseeing an inquiry into the bank’s failure was inside its boardroom on New York’s Fifth Avenue. Patrick McHenry was there to raise thousands of dollars from bank executives.

The mood inside the Signature boardroom at the March 2 fundraiser was calm, according to a person who was at the event and asked for anonymity to discuss the private affair.

There was no overt anxiety or tension, the person said; instead there were questions about the debt ceiling. McHenry’s campaign decided last week it won’t process any of the contributions from the event, according to a spokesperson.

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