NEW YORK — Employees of Silicon Valley Bank were offered 45 days of employment at one and a half times their salary by the Federal Deposit Insurance Corp, the US regulator that took control of the collapsed lender on Friday, according to an email to staff seen by Reuters. Workers will be enrolled and given information about benefits over the weekend by the FDIC, and healthcare details will be provided by the former parent company SVB Financial Group, the FDIC wrote in an email entitled 'Employee Retention' late on Friday.

https://business.inquirer.net/390631/silicon-valley-bank-staff-offered-45-days-of-work-at-1-5-times-pay

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