SVB UK handed out over 15 million sterling in bonuses days after HSBC rescue, Sky News reports


Silicon Valley Bank's UK arm handed out over 15 million pounds ($18 million) in bonuses days after its rescue deal this week by HSBC, Sky News reported on Saturday.
Payouts to staff including senior executives were signed off by HSBC earlier in the week, the report said, adding that the bonuses would not have been paid this week if SVB UK had not been acquired while still…
This story appeared on reuters.com, 2023-03-18.