Signature Bank Draws Criticism for Prioritizing Gender-Neutral Pronouns over Financial Stability

A video of a seminar on gender-neutral pronouns hosted by Scott Shay, the chairman of Signature Bank, has gone viral after the bank was shut down by regulators to avoid a US banking crisis.

The video features Shay along with corporate consultant on gender issues Finn Brigham discussing the use of ‘ze’ and ‘hir’ as gender-neutral pronouns.

The seminar was hosted by the Pride Council in October, and it was the first bank in the United States to have an openly gay man on the board, former Massachusetts Congressman Barney Frank.

Social media users have criticized the bank’s focus on gender-neutral pronouns, with some stating that it should have focused on financial stability instead.

Prior to the bank’s collapse, it published an annual Social Impact report that promoted sustainability, diversity, equity, inclusion, community engagement, employee development, employee health and safety, and other environmental, social, or governance-related initiatives.

The collapse of Signature Bank and Silicon Valley Bank has drawn criticism for spending a considerable amount of time spearheading multiple “woke” LGBTQ+ programs and their emphasis on Environmental, Social, and Corporate Governance (ESG).

Jay Ersapah, at the helm of SVB’s Financial Risk Management, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

Following the collapse of Silicon Valley Bank, New York officials were probing financial institutions with similar practices when they placed Signature Bank under the New York Division of Financial Services jurisdiction.

It would later be taken over by the FDIC. Both banks ran into problems when they did not have enough liquidity to cover a spate of recent withdrawals.

Barney Frank, who co-sponsored legislation regulating banks following the 2008 financial crisis, is now under fire for serving on the bank’s board of directors.


»Signature Bank Draws Criticism for Prioritizing Gender-Neutral Pronouns over Financial Stability«

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