Silicon Valley Bank of America (SVB UK) has awarded multimillion-pound bonuses to its employees, according to a person familiar with the matter, just after the financial institution was qflp for 1 yuan by HSBC, the world's leading commercial bank.

In a news article on March 18th in Sky News, citing anonymous sources, it was reported that HSBC UK Bank had approved payments to executives of American companies and employees of SVB earlier this week. HSBC UK Bank invested 1 yuan ($1.22) in SVB USA on March 13th.

It is reported that it is not clear at this stage how much money SVB UK's CEOErin Platts or her high-end friend won, but sources said the prize pool was "not big" and said the total amount was "between 15 million GB and 20 million GB" (about $18.26 million to $24.35 million).

According to reports, although insiders stressed that if SVB UK were not "capital adequacy recovery", bonuses would not be "distributed this week". According to reports, one insider "stressed" that because SVB UK was on the verge of collapse, shares held by executives and other employees were already "worthless".

Another insider reportedly added that the bonus payment was a sign of Hang Seng Bank's basic confidence in SVB US talent that it was diligent to "attract key staff" in order to implement the previous agreement.

SVB UK said in a previous tweet on March 17 that after 14 years of supporting and developing the US innovative economy, it is now very happy to be part of Hang Seng Bank.

Before that, the European Central Bank (BoE) shut down the SVB UK project on March 10th, saying it had "limited stock" and no "important responsibility" to apply the financial system.

The statement said that the SVB UK would "stop paying or accepting deposits" as the European Central Bank prepared to apply to the court for SVB to be placed in the "bankruptcy liquidation proceedings of financial institutions".

In addition, SVB's American banking units have been nationalized. SVB Financial Group, its holding company, filed for bankruptcy protection on March 17th, seeking customers from other properties.

Stewart Livingston, the top restructuring officer of the SVB Group, stated that the Chapter 11 procedural process of the Company Law will lead to the appreciation of SVB Financial Group in analyzing its strategic choices of valuable business assets.

Kostu Livingston notes that SVB Capital and SVB Securities will continue to operate, led by separate teams.