A Canadian court ordered the restructuring of Silicon Valley Bank’s branch in the country, appointing a firm to oversee the shift of assets to a new bridge…
Silicon Valley Bank headquarters in Santa Clara, California, US, on Friday, March 10, 2023. Silicon Valley Bank became the biggest US bank failure in more than a decade, after its long-established customer base of tech startups grew worried and yanked deposits. Photographer: Philip Pacheco/Bloomberg — A Canadian court ordered the restructuring of Silicon Valley Bank’s branch in the country, appointing a firm to oversee the shift of assets to a new bridge bank set up by US regulators.
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