Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescuetheguardian.com/business/2023/mar/18/millions-paid-in-bonuses-to-uk-silicon-valley-bank-staff-days-after-1-rescue
The UK arm of the collapsed Silicon Valley Bank is reported to have paid millions of pounds in bonuses days after it was sold in a rescue deal for £1.
Staff at Silicon Valley Bank UK (SVB UK) are said to have been given payouts from what has been described as a “modest” bonus pool of between £15m and £20m. The Californian-based bank collapsed eight days ago, triggering…
This story appeared on theguardian.com, 2023-03-18.