SVB was very very woke. It was heavily into ESG, was connected to the World Economic Forum, and its Risk Management leader is a queer activist.
Board of MIT, and Forbes. Forbes named SVB a top 5 bank a few days before the institution collapsed. I don’t know or care about the criteria they used, because whatever they say those criteria are very, very off. The bank died days after naming the institution a top bank. This just tells you that commendations from even big financial publications can be practically USELESS.