Online records show Silicon Valley Bank invested heavily in groups related to the Black Lives Matter movement and other social justice causes in the years before its collapse.
In an introductory letter to the report, CEO Greg Becker said SVB touted employee matching programs that focused on "pandemic response, social justice, sustainability, and supporting women, Black and Latinx emerging talent, and other underrepresented groups." Some figures on the right have tried to draw a connection between Silicon Valley Bank’s so-called "woke" priorities and its inevitable demise.
Rep. James Comer, R-Ky., on Sunday argued that Silicon Valley Bank was "one of the most woke banks in [its] quest for the ESG-type policy and investing."
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