Hedge funds including Oaktree are offering to buy startups’ deposits that they are unable to access at Silicon Valley Bank for as little as 60 cents on the dollar, per Semafor.

Bids range from 60 to 80 cents on the dollar, the report said adding that the range reflects expectations for how much of the uninsured deposits will be eventually recovered.

Jefferies is offering at least 70 cents on the dollar for deposit claims, the report said,

Regulators are requesting Silicon Valley Bank employees to stay on for the next 45 days, at 1.5x their current salary.

Hourly workers will be paid double if they work overtime. Employment for all is contingent on “acceptable performance," per TechCrunch.

Becker wore a black zip-up jacket with a logo from Gleneagles, a luxury golf resort in Scotland,

Silicon Valley Bank’s CEO, Greg Becker, reportedly sent this to employees after the collapse of the bank. "My unfair ask is can you guys just hang around, try to support each other, try to support our clients... which may be a slightly better outcome than where we are now."

Recently, before the collapse of Silicon Valley Bank, $SIVB, the CEO sold $3.57 million of stock within the last two weeks.

Read more: https://unusualwhales.com/news/silicon-valley-ceo-greg-becker-left-a-message-to-employees-after-the-collapse

Read more: https://unusualwhales.com/news/regulators-are-requesting-silicon-valley-bank-employees-to-stay-on-for-the-next-45-days-at-1-5x-their-current-salary