SVB had NO head of 'risk assessment' for nine months before it collapsed... as woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a 'Lesbian Visibility Day'
The collapsed Silicon Valley Bank had no risk assessment head for nine months
The bank's previous head left in April 2022, her replacement wasn't named until January
While the bank's European risk officer is accused of being more focused on diversity efforts
By Helena Kelly For Dailymail.Com
Published: 16:28 EDT, 11 March 2023 | Updated: 14:55 EDT, 13 March 2023
Collapsed lender Silicon Valley Bank operated without a chief risk officer between April 2022 and January 2023 while the operation's United Kingdom-based Head of Risk stands accused of prioritizing pro-diversity initiatives over her actual role.
This revelation comes after the firm became the largest bank to collapse since the 2008 financial crisis - disclosing a $1.8 billion loss in its finances.
SVB's former head of risk, Laura Izurieta, who formerly performed a similar role for Capital One, left the bank in April 2022. She wasn't replaced until January 2023 when the bank hired Kim Olson, formerly of Japanese bank Sumitomo Mitsui.
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https://www.dailymail.co.uk/news/article-11848705/Woke-head-risk-assessment-Silicon-Valley-Bank-accused-prioritizing-diversity-issues.html
