This bank pays employees an average of $250,000 [MSN Money]
SVB Financial Group (SIVB)
Last svb financial group earnings: 4/23 04:06 pm
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US:NASDAQ Investor Relations:
ir.svb.com
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Source: MSN Money
Silicon Valley Bank pays $250,000 per employee, most in US Silicon Valley, better known for hot tech start-ups and vture capital firms, is also home to the hight-paying public bank in the U.S. SVB Financial Group, based in Santa Clara, California, paid its employe on average $50,68 a year in 08, according to data compiled by Bloomberg. Among the nation’s household nam, JPMorgan Chase & Co. came in a distant 0th, at $9,0, and Wells Fargo & Co. was th, at $7,506. (The salary analysis looked only at commercial banks; invtmt banks such as Goldman Sachs Group Inc. wer’t counted.) © Bloomberg Bloomberg analyzed 09 public U.S. commercial banks with more than ,000 employe. Eighty-six had sufficit data. Load Error SVB, the holding company for Silicon Valley Bank, is small by global standards, which helps explain the pay disparity. It operat only five U.S. branch with just ,00 employe, and focus on commercial customers, pecially vture capital and private equity firms. JPMorgan, on the other han
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