Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue

The British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days after its insolvency was averted through a Bank of England-orchestrated rescue deal. Sky News has learnt that the payouts to staff including its senior executives were signed off by…#siliconvalleybank #svb #bankofengland #skynews #hsbc #erinplatts #svbfinancialgroup #chapter11 #santaclara #rishisunak

Source: Reuters: Health - March 18, 2023 Category: Consumer Health News Source Type: news