Finance
UK arm of SVB issues £15m bonuses after token help: Cointelegraph report
According to unnamed sources, Silicon Valley Bank UK (SVB UK) gave millions of pounds in bonuses to employees just days after global banking giant HSBC bailed it out for just 1 British pound.
A Sky News report dated March 18, citing unnamed sources, reported that payments to staff and senior management of SVB UK were signed “earlier this week” by HSBC UK, the institution that purchased SVB UK for 1 British pound ($1.22). ). March 13.
