Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following Silicon Valley Bank UK arm’s “near-collapse.”
Janet Yellen said in an interview on March 12 that U.S. regulators are working to address Silicon Valley Bank collapse, but not considering a major…
Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21).
Silicon Valley Bank was rated as one of the top banks in America for five years running prior to its closure by U.S. regulators in…
The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB’s British arm.
The investigations are separate from one another but will both look into Silicon Valley Bank’s collapse and stocks sold by executives prior to its fall.
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