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

Workers reported to have received payouts from ‘modest’ pool of £15m-£20m following takeover deal by HSBC

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 and £20m. The Californian-based bank collapsed eight days ago, triggering concerns of a new global banking crisis.

Continue reading…

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

@ShortTerrorist

@GaryGensler @HouseAppropsGOP @AppropsDems @SECGov What? Are the millions in fines paid not enough for your bonuses and coffee? 🤣🤣🖕🏾🖕🏾🖕🏾

Posted on: 2023-03-28 17:04

@JenniferMeacher

RT @PatrioticMills: SVB execs may have been bad at protecting depositor money, but they were great at making their own… Executive pay ros…

Posted on: 2023-03-28 16:58

@OttawaMondays

RT @PatrioticMills: SVB execs may have been bad at protecting depositor money, but they were great at making their own… Executive pay ros…

Posted on: 2023-03-28 16:47

@LynHewitson

@LGalloway77 @50sBornWomen You fail Iether Bosses, CEOs etc of Banks, Water Companies, Trains, Ferries, What Ever A… https://t.co/vqX91HcrtE

Posted on: 2023-03-28 15:32

@allthepeas20

@RichardJMurphy Needs further scrutiny, millions in bonuses paid to CEO and board within the last year and now on t… https://t.co/SXoMiMRv5f

Posted on: 2023-03-28 12:38

@TDoyleCarasol

RT @GardenCraft166: @D_Blanchflower @SideshowKen @bankofengland Meanwhile.... In the elite banker's world... They're being paid millions, a…

Posted on: 2023-03-28 12:22

@amacdonald866

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-28 11:37

@TalktoBeverley

RT @premnsikka: UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m bonus. It will inevitably be paid for by cus…

Posted on: 2023-03-28 11:24

@GardenCraft166

@D_Blanchflower @SideshowKen @bankofengland Meanwhile.... In the elite banker's world... They're being paid million… https://t.co/bDb74knUE4

Posted on: 2023-03-28 08:33

@KTWinATL

RT @dbarcon: @RepAdamSchiff Nothing new. Worked for a large company in the 90s who sold out to a larger company. The sale netted large bonu…

Posted on: 2023-03-28 02:50

@dbarcon

@RepAdamSchiff Nothing new. Worked for a large company in the 90s who sold out to a larger company. The sale netted… https://t.co/OsScYkCOXf

Posted on: 2023-03-27 23:17

@FairAndBalancd

RT @PatrioticMills: SVB execs may have been bad at protecting depositor money, but they were great at making their own… Executive pay ros…

Posted on: 2023-03-27 17:13

@CarolDerosier3

@EPM106 This man yes Keanu is thoughtful kind and generous. He paid production bonuses out of his private money. Th… https://t.co/e7NVNemdGK

Posted on: 2023-03-27 16:58

@paulralph03

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-27 11:12

@AlisonY16535701

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-27 04:07

@PMaryTimo1

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 22:48

@DaveRickert22

RT @nbreavington: Silicon Valley Bank boss's pay trebled to $10M in four years thanks to risky investments that led to its collapse - with…

Posted on: 2023-03-26 21:44

@SouthwoodTerry

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 16:29

@MaryB19447428

RT @lindyli: Martha Stewart was imprisoned for lying about her insider trading SVB sold millions in stock & paid themselves mega bonuses R…

Posted on: 2023-03-26 16:27

@Sardonic_Soul

RT @Luighseach: UK arm of the collapsed #Silicon_Valley_Bank is reported to have paid millions of pounds in bonuses days after it was sold…

Posted on: 2023-03-26 15:52

@davidcyphers5

RT @FanaTeresafana: Silicon Valley Bank boss's pay trebled to $10M in four years thanks to risky investments that led to its collapse - wit…

Posted on: 2023-03-26 13:24

@FanaTeresafana

Silicon Valley Bank boss's pay trebled to $10M in four years thanks to risky investments that led to its collapse -… https://t.co/xTbgZwKStU

Posted on: 2023-03-26 13:23

@HappyHaloHalo

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 11:50

@SIMONFI52110274

RT @nbreavington: Silicon Valley Bank boss's pay trebled to $10M in four years thanks to risky investments that led to its collapse - with…

Posted on: 2023-03-26 10:49

@georgie_lawson

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 09:14

@NickyBl54063559

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 08:55

@JoyMilne1

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 08:49

@martinquinnell

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 07:33

@AntiqueChicGeek

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 07:28

@AnneMarieGoldie

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 07:01

@DerrickBenedict

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 06:59

@magnac3

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 05:21

@BarryGr43509019

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 03:52

@Lamia7517

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 03:47

@Tafkap6

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 03:46

@carol_grantley

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 03:32

@Dusko1993_4

RT @lindyli: Martha Stewart was imprisoned for lying about her insider trading SVB sold millions in stock & paid themselves mega bonuses R…

Posted on: 2023-03-26 02:47

@Jacobite51

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 01:44

@Sun_Goddess

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 00:56

@bromsgrovebri

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 00:53

@tartancobweb

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 00:50

@LMcjury

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-26 00:25

@BillyMontana81

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-25 23:52

@will0pad

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-25 23:44

@sadmark11

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-25 23:40

@Bhoy67Lisboa

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-25 23:25

@justnotthenews

Well, well, well... Silicon Valley Bank boss's pay trebled to $10M in four years thanks to risky investments that… https://t.co/9M5zeb4nJU

Posted on: 2023-03-25 23:15

@GlenBro50572626

RT @Britain_People: BANKERS NEVER FACE THE CONSEQUENCES 🔴UK Silicon Valley Bank collapsed and is sold for £1 but bankers got £15m-£20m BON…

Posted on: 2023-03-25 23:14

@lt90266

RT @nbreavington: Silicon Valley Bank boss's pay trebled to $10M in four years thanks to risky investments that led to its collapse - with…

Posted on: 2023-03-25 23:09