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Silicon Valley Bank didn't have a risk assessment chief for 9 months as it focused on WOKE diversity policies

Silicon Valley Bank operated without a chief risk officer between April 2022 and January 2023 as the company instead chose to focus resources on "woke" diversity initiatives. SVB's [.] ....

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Silicon Valley Bank has now collapsed, and 95% of deposits were uninsured

Silicon Valley Bank, a commercial bank that prefers to cater to Big Tech companies and Silicon Valley startups, is on the verge of collapse. Its stocks have plunged amid a cash burn, and investors are now advising tech firms to pull all of their money out before it’s too late. (UPDATE: The bank has now […] ....

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