Every day that goes by there’s more evidence of free-spending on woke policies at Silicon Valley Bank in the months ahead of its demise. Now we have evidence of similar behavior at the second bank failure – Signature. If the management had been more concerned with managing risk than producing cringe-inducing marketing videos, the bank might have survived.
See for yourself:
The author of the thread also shared this quote from a bank insider:
“The Management Team was basically like the show, the Office. They’d waste money on things like producing parody videos.”