Silicon Valley Bank UK hands out $18M in bonuses after HSBC rescue

Silicon Valley Bank’s UK subsidiary doled out over $18 million in bonuses this week—just days after HSBC swooped in as part of a rescue deal to save the institution from insolvency.
Payouts to staff, which included senior executives, were given the green light earlier this week by HSBC, SVB UK’s new owner, Sky News reported. HSBC purchased the American bank’s British arm for…

This story appeared on, 2023-03-18.
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