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From another WSJ article - https://www.wsj.com/articles/glorifi-how-new-anti-woke-bank-stumbled-11665174704?st=muv8ase4odj1gpu&reflink=desktopwebshare_permalink
by erehweb 4y ago
From another WSJ article - https://www.wsj.com/articles/glorifi-how-new-anti-woke-bank-stumbled-11665174704?st=muv8ase4odj1gpu&reflink=desktopwebshare_permalink https://www.wsj.com/articles/glorifi-how-new-anti-woke-bank-...
"GloriFi defined itself in contrast to many big, established banks, including Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc., which have in recent years pledged to consider environmental, social and governance, or ESG, principles in their businesses. Some lenders have cut ties with some corporate clients in the gun, coal and private prison industries."
- Mikeb85 4y agoSeems like those decisions were more business based and they simply took advantage of some nice PR, since the "anti-woke" bank obviously didn't make money.