Quote Originally Posted by pipster View Post
SVB's Chief Risk Officer was busy organising a LGBTQ awareness campaign , hence the phrase of go woke / go broke seems to be the headline of the day.
You need banks to be boring and dull and safe, not what SVB was. Any company that has money in SVB now looks likely to go under. The board of the bank are probably on a boat to South America by now - or facing a stretch in San Quentin jailhouse. All rather depressing - it's as if this has not happened before is it ?
looks like they payed out bonuses before the collapse too

https://www.axios.com/2023/03/11/sil...d-bonuses-fdic