OSFI says that by taking temporary control, it is acting to protect the rights and interests of the branch's creditors
7 hours agoSpeaking at the White House on Monday morning, President Biden addressed what his administration has done after two banks — Silicon Valley Bank and Signature Bank — were closed by bank regulators. Biden said, “Americans can rest assured that our banking system is safe. Your deposits are safe.”Canadian index funds like iShares S&P/TSX 60 Index Fund are looking good at today's prices.
Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayTreasuries Surge as Traders Recalibrate Rate Bets: Markets WrapFed’s New Backstop Shields Banks From $300 Billion of LossesSignature Seized by Regulators as Pain Spreads From SVB’s FallUS Discusses Fund to Backstop Deposits If More Banks FailDespite its insistence onRishi Sunak arrives in San Diego ahead of meeting with US President Joe Biden.
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Canadian regulator takes control of Silicon Valley Bank's Canadian branchA Canadian regulator on Sunday said it was taking temporary control of Silicon Valley Bank’s Canadian branch, as the fallout from the collapsed U.S.…
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Canadian regulator takes control of Silicon Valley Bank's Canadian branchA Canadian banking regulator on Sunday said it was taking temporary control of Silicon Valley Bank’s unit in the country, as the fallout from the collapsed…
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OSFI takes control of Silicon Valley Bank’s Canadian unitRegulator says it made the move to protect creditors and is looking to wind down operations after bank’s sudden collapse
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Canadian regulator takes control of Silicon Valley Bank's Toronto branchA Canadian regulator on Sunday said it was taking temporary control of Silicon Valley Bank\u0027s Canadian branch.
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OSFI seizes control of Silicon Valley Bank's Canadian assetsSVB did not have a banking licence in Canada but operated as a foreign bank branch. The regulator says it is protecting creditors.
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OSFI seizes control of Silicon Valley Bank's Canadian assetsSVB did not have a banking licence in Canada but operated as a foreign bank branch. The regulator says it is protecting creditors.
Lire la suite »