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Global National: March 13, 2023 | Collapse of 2 US banks leaves customers with mounting concerns

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Silicon Valley Bank and Signature Bank, two American banking companies, collapsed in the span of three days, and there's concerns their sudden demises could be contagious. Jackson Proskow explains what's being done in the U.S. to calm the fears of customers worried about their deposited money being at risk, while Anne Gaviola looks at what it means for Canadian clients.

Flair Airlines had four of its planes seized because of overdue payments, disrupting flights for customers and shaking public confidence on the future of low-cost carriers in Canada. Touria Izri looks at the fallout from the mishap, and what it could mean for Canadians looking to save money on air travel in the future.

King Charles III took centre stage for his first Commonwealth Day as monarch, with this year's theme being "forging a sustainable and peaceful common future." As Crystal Goomansingh reports, while diversity and culture played a prominent role in this iteration of the annual service, critics say the realities of the Commonwealth's colonial history can't be ignored.

Plus, it's been 75 years since Chinese-Canadian hockey player Larry Kwong hit the ice for the New York Rangers, becoming the first non-Indigenous person of colour to play in the NHL. Heather Yourex-West explains the story of the "China Clipper," and how his supporters are pushing for his impact on the sport to be formally recognized.

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Category
U.S. & Canada
Tags
global news, Silicon Valley Bank collapse, Signature Bank collapse
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