FDIC to Silicon Valley Bank workers. We’ll give you a 50% raise or double-time OT, but you’ll lose your job in 45 days

A customer (L) reads a notice about Silicon Valley Banks closure at the banks headquarters in Santa Clara, California on March 10, 2023. – US authorities swooped in and seized the assets of SVB, a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own. (Photo by NOAH BERGER / AFP) (Photo by NOAH BERGER/AFP via Getty Images)

John Sage and Katanga Johnson

(Bloomberg) — The Federal Deposit Insurance Corporation added a few new employees to its payroll late Friday, taking on workers from shuttered