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 bonusesโฆ
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SVB UK handed out over 15 million stg in bonuses days after HSBC rescue
Credit: Upworthy- Published 2 weeks ago
Video credit: Wibbitz Top Stories
Published 2 weeks ago - 01:31
Goldman Sachs' Big Payout From Silicon Valley Bank Collapse Raises Questions
Goldman Sachs' Big Payout , From Silicon Valley Bank Collapse, Raises Questions.
Goldman Sachs' Big Payout , From Silicon Valley Bank Collapse, Raises Questions.
'The New York Times' reports that Silicon Valley Bank
(SVB) adviser Goldman Sachs is expected to make
over $100 million following the collapse of the bank.
'The New York Times' reports that Silicon Valley Bank
(SVB) adviser Goldman Sachs is expected to make
over $100 million following the collapse of the bank.
In the days leading up to SVB's
demise, Goldman Sachs reportedly
purchased $21.4 billion of the bank's debt. .
'NYT' reports that SVB was warned
that it faced a possible downgrade
by Moody's in early March. .
At the time, SVB called on
Goldman Sachs for advice on
shoring up the bank's books.
Ultimately, Goldman's two-part plan
for SVB to raise capital and sell off its
debt failed, and the bank collapsed.
According to the 'NYT,' questions have been
raised regarding Goldman Sachs' compensation
and how it managed its relationship with SVB.
According to the 'NYT,' questions have been
raised regarding Goldman Sachs' compensation
and how it managed its relationship with SVB.
The government's extraordinary measures to
safeguard the bank's depositors are expected
to come with increased regulatory scrutiny.
The government's extraordinary measures to
safeguard the bank's depositors are expected
to come with increased regulatory scrutiny.
Meanwhile, prior to opening its investigation
into the bank's collapse, the Justice Department
unveiled a new pilot program to hold
executives responsible for corporate wrongdoing.
Lawmakers have called for clawbacks of bonuses that
were paid to executives by the bank in addition to profits
made from selling off stock in SVB's final days.
Lawmakers have called for clawbacks of bonuses that
were paid to executives by the bank in addition to profits
made from selling off stock in SVB's final days.
'NYT' reports that SVB's failure to raise capital prior
to Goldman Sachs' purchase of its debt ended up spooking
the markets and ultimately led to the bank's collapse.
'NYT' reports that SVB's failure to raise capital prior
to Goldman Sachs' purchase of its debt ended up spooking
the markets and ultimately led to the bank's collapse
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