The British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days after its insolvency was averted through a Bank of England-orchestrated rescue deal.

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Reuters

United Kingdom

SVB UK handed out over 15 million sterling in bonuses days after HSBC rescue, Sky News reports

Silicon Valley Bank's UK arm handed out over 15 million pounds ($18 million) in bonuses days after its rescue deal this week by HSBC, Sky News reported on Saturday.

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Silicon Valley Bank staff handed up to $38m in bonuses after rescue deal

The doomed bank's UK arm gave its staff $18 million in bonuses this week after HSBC purchased the subsidiary in a rescue deal.

New York Post

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New York

United States

Silicon Valley Bank UK hands out $18M in bonuses after HSBC rescue

HSBC makes payment to workers at UK arm of collapsed tech lender

The Telegraph

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David and Frederick Barclay

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England

Silicon Valley Bank staff handed up to £20m in bonuses

Between £15m and £20m in bonus payments were made to staff at SVB UK this week after being signed off by the bank's new owner, HSBC, Sky News learns.

Sky News UK

Roberts family

Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue

Silicon Valley Bank’s UK division awarded between £15 million and £20 million in bonuses days after its rescue by HSBC Holdings Plc, Sky News reported Saturday, citing people familiar with the matter.

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BlackRock

SVB’s UK Unit Hands Out £15 Million in Bonuses After Rescue: Sky

Payouts to staff including senior executives were signed off by HSBC earlier in the week, the report said, adding that the bonuses would not have been paid this week if SVB UK had not been acquired while still solvent.

The Economic Times

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SVB UK handed out over 15 million pounds in bonuses days after HSBC rescue: Sky News

Silicon Valley Bank’s UK arm handed out over $18 million in bonuses days after its rescue deal this week by HSBC, Sky News reported on Saturday.

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New Hampshire

SVB UK handed out over 15 mln stg in bonuses days after HSBC rescue

Silicon Valley Bank’s UK arm handed out over 15 million pounds ($18 million) in bonuses days after its rescue deal this week by HSBC, Sky News reported on Saturday. Payouts to staff including senior executives were signed off by HSBC earlier in the week, the report said, adding that the bonuses would not have been paid this week if SVB UK had not been acquired while still solvent. Sky cited sources familiar with the matter as saying the bonus po…

City AM

Silicon Valley Bank UK paid out £15m in bonuses to top execs just days after HSBC rescue deal

SVB UK handed out over 15 million stg in bonuses days after HSBC rescue - Sky News

Investing.com

SVB UK handed out over 15 million stg in bonuses days after HSBC rescue - Sky News By Reuters

Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue

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