Silicon Valley Bank Hit Over ESG Advocacy

Politico: “Top Republicans have zeroed in on the failed bank’s stances on sustainability and diversity as proof that its management team cared more about promoting a progressive agenda than safeguarding the more than $150 billion its customers had placed in uninsured deposits.”

“Now, after Biden officials took unprecedented steps to rescue the thousands of high-tech startups that held accounts, far-right activists and GOP luminaries are ripping into the Northern California institution’s embrace of cultural lightning rods such as workplace inclusion and climate consciousness.”