Silicon Valley Bank employees received bonuses hours before government takeover

TL;DR

bank run triggered by panicked venture capital investors and startup founders, was seized by the Federal Deposit Insurance Corporation (FDIC) around midday Friday. On Friday, SVB CEO Greg Becker addressed workers in a two-minute video in which he said that he no longer made decisions at the 40-year-old bank, according to the people. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

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