UPDATED. 2024-02-29 19:41 (목)

SVB Pays £15 Million In Bonuses To Execs After Rescue - Bitcoin?
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SVB Pays £15 Million In Bonuses To Execs After Rescue - Bitcoin?
  • 블록체인투데이
  • 승인 2023.03.20 17:46
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It might be argued that the SVB rescue was not a ‘bailout’ as such. It could be sustained that in fact the bank was bought by another bank (HSBC) … for a pound.

So after approaching a near collapse of the bank, which was engineered by the bank’s executives themselves, when they decided to buy long term treasuries which they were then forced to sell at a huge loss when depositors asked for their funds. This gross negligence was rewarded, just like it was back in the Global Financial Crisis of 2007/2008, by large bonuses to the banks’ executives.


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