Silicon Valley Bank paid bonuses hours before takeover: report ...Middle East

Silicon Valley Bank reportedly paid employees their annual bonuses just hours before federal regulators shut down the bank on Friday, CNBC reported. Sources told CNBC that the bank had historically paid their bonuses on the second Friday of March, and that their annual bonuses were in the works days before the bank collapse on Friday. The report said that the bonuses were for work done in 2022, according to the sources. Federal regulators shut down Silicon Valley Bank on Friday, making it the biggest bank failure since the 2008 recession. The Federal Deposit Insurance Corporation (FDIC) created a National Bank of Santa Clara to hold deposits and other assets of the failed bank, whos

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