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An outstanding ESG rating - but no chief risk operator: SVB hired woke board obsessed with diversity, invested $5BN for 'healthier planet' and held monthlong Pride celebration - but failed to spot glaring problems with investments
UK Daily Mail ^
| March 13 2023
| MELISSA KOENIG
Posted on 03/13/2023 1:22:53 PM PDT by knighthawk
Executives at Silicon Valley Bank focused on woke initiatives to increase diversity amongst its ranks and invest in startups promoting a 'healthier planet,' but failed to spot its glaring problems with investments as interest rates rose.
The now-failed bank had an A rating for its Environmental, Social and Governance policies according to the MSCI index after creating its own initiatives to 'advance inclusion and opportunity in the innovation economy' and investing in clean energy solutions over the past few years.
It even announced that it would invest a whopping $5billion by 2027 to support sustainability efforts, while its European offices held a monthlong Pride celebration and promoted 'safe spaces.'
(Excerpt) Read more at dailymail.co.uk ...
TOPICS: Breaking News; Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bank; bankfailures; bidenvoters; diversity; esg; siliconvalley; svb; svbbank; woke; wokeboard; wokemanagement
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To: knighthawk
Get woke. Go broke....................
2
posted on
03/13/2023 1:24:24 PM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: knighthawk
The mentally ill are in control of it all they all need to be re institutionalized immediatley
To: Red Badger
Go woke go broke get a taxpayer bailout
4
posted on
03/13/2023 1:28:06 PM PDT
by
gibsonguy
To: knighthawk
This whole episode is gaaay.
5
posted on
03/13/2023 1:29:13 PM PDT
by
catbertz
To: gibsonguy
"Go woke go broke get a taxpayer bailout"
Exactly. The lunatics are running the asylum.
6
posted on
03/13/2023 1:30:14 PM PDT
by
Sicon
("All animals are equal, but some animals are more equal than others." - G. Orwell)
To: ronnie raygun
7
posted on
03/13/2023 1:30:49 PM PDT
by
bankwalker
(Repeal the 19th ...)
To: knighthawk
Silicon Valley Bank has long touted its diversity, equity and inclusionThey really should put it in the proper sequence: Diversity, Inclusion, and Equity. D.I.E., which SVB has.
8
posted on
03/13/2023 1:34:15 PM PDT
by
Sicon
("All animals are equal, but some animals are more equal than others." - G. Orwell)
To: knighthawk
Bernie Sanders says Silicon Valley Bank’s failure is the ‘direct result’ of a Trump-era bank regulation policy
Business Insider ^ | 03/13/23 | Cheryl Teh
9
posted on
03/13/2023 1:35:25 PM PDT
by
BenLurkin
(The above is not a statement of fact. It is either opinion, or satire, or both.)
To: knighthawk
Bad in vestments or interest shooting up and getting ahead of bonds? Didn’t Joe Biden kill SVB?
10
posted on
03/13/2023 1:36:34 PM PDT
by
TalBlack
(We have a Christian duty and a patriotic duty. God help us.)
To: knighthawk
'Our long history of serving this sector has enabled us to seize opportunities to build a better world, and this report highlights our efforts, progress and commitment to transparency and accountability.'When your bank's CEO, company CEO, or anyone you know or have to deal with speaks like this? Run. Run fast, and run far away.
11
posted on
03/13/2023 1:37:03 PM PDT
by
Sicon
("All animals are equal, but some animals are more equal than others." - G. Orwell)
To: knighthawk
So, fiduciary responsibility is a thing after all.
12
posted on
03/13/2023 1:43:28 PM PDT
by
seowulf
(Civilization begins with order, grows with liberty, and dies with chaos...Will Durant)
To: Red Badger
Get woke. Go broke.................... biden bail you out.
To: knighthawk
A new version of March Madness
14
posted on
03/13/2023 1:51:45 PM PDT
by
yelostar
(Stay strong. Stay fierce. Stay SKEPTICAL. Never surrender your freedom, and don’t buy the narratives)
To: Red Badger
More than just a catchy cliche
To: George from New England
The top three stakeholders in SVB, who are left high and dry:
BlackRock, State Street and Vanguard...the three horsement of the woke apocalypse.
16
posted on
03/13/2023 1:53:05 PM PDT
by
plangent
To: knighthawk
It said in its 2022 ESG Report that the bank strives to 'create a more just, equitable and sustainable world.'
Apparently, the bank wasn't sustainable.
17
posted on
03/13/2023 1:59:28 PM PDT
by
gitmo
(If your theology doesn't become your biography, what good is it?)
To: BenLurkin
This was too predictable. TDS is still a thing.
18
posted on
03/13/2023 2:09:57 PM PDT
by
Major Matt Mason
(To solve the Democrat problem, the RINO problem must first be solved.)
To: plangent
That's good info. Holy cow, combined they had 21.25% stake.
Excellent, hoping it has a domino effect.
To: knighthawk
More sickness and illness. The “woke” need to wake up.
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