Economy

SVB collapse: Employees blame remote work, focus on social issues for bank collapse

By Brady Knox
Published March 17, 2023 4:32pm ET
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SVB collapse: Employees blame remote work, focus on social issues for bank collapse
Former employees at the deceased Silicon Valley Bank blame a combination of remote work, an over-focus on social issues, and a lack of risk management for the bank’s collapse. Amid the collapse of the former financial institution, analysts are taking aim at the bank’s work culture, which was noted to be far less strict and […]

Former employees at the deceased Silicon Valley Bank blame a combination of remote work, an over-focus on social issues, and a lack of risk management for the bank’s collapse.

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Banks DEI ESG Finance Labor Silicon Valley Bank