I'd just like to take a moment to congratulate the leadership of SIVB... WAY TO GO!!!
https://www.svb.com/leadership
https://www.svb.com/leadership
Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed
- Thread starter gwb-trading
- Start date
Just for fun I went to their website and notice a section about Latest Stories. They proudly display their involvement in the Gender Equality Index, and next hire Kim as their Chief Risk Officer. And well... here we are today.... hahahaha... (I'm of course not saying a woman can't do the job, just saying that if you hire based on gender, sometimes this doesn't go well)
%%
\ Good specific points on the ''premium wine backed loans , almost equal to last quarters marked- to market -equity''
Multiyear low PE trend \ going lower, was logical.
Oh, it's my creepy online stalker again. Good thing to know I'm living rent-free in worthless mind.
ESG + woke insanity for the loss!
joe Biden is living rent free in yours.
Except it appears they didn't hire based solely on gender:-
"Kim brings to her role deep risk management, risk transformation, and prudential regulation and bank supervision expertise from 30 years in the financial services industry. Before joining SVB in late 2022, Kim served as Chief Risk Officer for SMBC in the Americas, and an Executive Officer of SMBC and Sumitomo Mitsui Financial Group. Prior to that, she had senior roles leading critical risk management functions, professional services engagements, and regulatory / risk policy at AIG, Deloitte, Deutsche Bank, and Fitch Ratings. She began her career at the Federal Reserve Bank of New York, where over a ten-year period she held a variety of increasingly senior positions in banking supervision, including a two-year secondment to the Basel Secretariat on Banking Supervision at the Bank for International Settlements to develop international capital rules."
%%
NO WONDER Warren Buffet called ESG ''asinine''
\ ESG= worse than a train=wreck\bad bearing.2] But KIM Olsen worked @ Fed Reserve 30 years ago[source = ABA]
3] Frankly, she is not even ''included'' on the list of banks Key Execs, so that shows you what management thinks about a Chief Risk Officer??
4]Kim may have said something like ''with all due respect, the bank is making big % loans on what they called premium wine??'' So the top management says maybe --well IT's PREMIUM Wine??
Who would not would rather do risk management for SVB than Silvergate??
But they virtue signal about it. Back when I worked for the "man" (usually a minority woman), I often had 2X or 3X the credentials, job knowledge and productivity of some of my "superiors." There was a lot of that happening, even before the DIE (Diversity, Inclusion and Equity) totalitarians officially took over.
I guess now her risk management skills are iffy, but her qualification of being a woman seems solid, so future prospects are still bright! (mind you, I guess we have no real way to verify if she is in fact a woman since gender is supposedly a social construct)