Article Title: SVB employees received bonuses hours before bank shutdown, reports say
Snippet of Article: "The US Federal Deposit Insurance Corporation offered Silicon Valley Bank employees 45 days of employment and 1.5 times their salary, reports say.
An FDIC official did not comment on the details to CNN, but said it is standard practice and one of the first steps the independent government agency takes after being named receiver.
US workers also received their annual bonuses on Friday, just hours before FDIC took over the collapsed lender, Axios reported. ...Employees, except essential and branch workers, were told to keep working remotely..."
Source: www.wfft.com
