SVB's financial assistance: for employees only
The new leaders of the British branch of SVB not only renewed working contracts with former employees, but also granted them bonuses.
The total budget for rewards amounted to about £20 million. Insiders claim that this compensation was given to employees to offset the depreciation of SVB UK stocks they owned.
Interesting fact: similar bonuses were paid to employees of the American branch just hours before the bank's collapse in Santa Clara.
Who needs financial stability when you have a one-time payout, right?
Interesting fact: similar bonuses were paid to employees of the American branch just hours before the bank's collapse in Santa Clara.
Who needs financial stability when you have a one-time payout, right?
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