Published
Canada's banking regulator has temporarily seized the assets of Silicon Valley Bank's (SVB) lone Canadian branch, after the California-based bank stunningly collapsed on March 10.
HSBC agreed to buy SVB’s U.K. operations for one British pound, in a deal which ensures customer deposits will be protected.
Anne Gaviola explains what's behind the California-based bank’s demise, and what it means for Canadian clients.
For more info, please go to https://globalnews.ca/news/9548423/silicon-valley-bank-canada-impact/
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HSBC agreed to buy SVB’s U.K. operations for one British pound, in a deal which ensures customer deposits will be protected.
Anne Gaviola explains what's behind the California-based bank’s demise, and what it means for Canadian clients.
For more info, please go to https://globalnews.ca/news/9548423/silicon-valley-bank-canada-impact/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews
- Category
- U.S. & Canada
- Tags
- global news, SVB, Silicon Valley Bank
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