Staff of Silicon Valley Financial institution have been supplied 45 days of employment at 1.5 instances their wage by the Federal Deposit Insurance coverage Corp, the regulator that has taken management of the collapsed lender, in line with an e mail despatched to workers.
Staff will likely be enrolled and given details about advantages over the weekend by the FDIC, and healthcare particulars will likely be supplied by the previous mum or dad firm SVB Monetary Group, the FDIC wrote in an e mail late on Friday entitled “Worker Retention”.
