Workers reported to have received payouts from ‘modest’ pool of £15m-£20m following takeover deal by HSBC
Silicon Valley Bank
Staff at Silicon Valley Bank UK are said to have been given payouts from what has been described as a “modest” bonus pool of between £15m and £20m. TheDetails of the payouts emerged as crisis-hit Ian Stuart, chief executive of HSBC UK, said: “We wanted this business and we wanted to retain the people who, in turn, support its customers. We have honoured these previously agreed payments to recognise their expertise and demonstrate our confidence in SVB UK.”
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