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Thousands of Silicon Valley Bank staffers to receive $25 million in payroll stuck in stock purchase plan

Por: NBC News Business April 25, 2023

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About 4,000 employees of Silicon Valley Bank are set to receive $25 million that has been trapped for weeks in an employee stock purchase program, according to the Federal Deposit Insurance Corporation. An FDIC spokesperson confirmed to NBC News Tuesday that the money will be remitted to employees “shortly.” The payouts won’t require tapping the government’s deposit insurance fund that was used to save SVB depositors, because it concerns... + full article



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