SVB employees received bonuses hours before bank shutdown, reports say

Posted on AllSides March 12th, 2023
From The Left

The US Federal Deposit Insurance Corporation offered Silicon Valley Bank employees 45 days of employment and 1.5 times their salary, reports say.

An FDIC official did not comment on the details to CNN, but said it is standard practice and one of the first steps the independent government agency takes after being named receiver.

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https://www.cnn.com/2023/03/12/business/svb-fdic-employees/index.html

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