Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue

Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue

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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…

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