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Silicon Valley Bank collapse: What does it mean for Canadian customers?

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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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U.S. & Canada
global news, SVB, Silicon Valley Bank
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