OTTAWA — Canada’s banking regulator says in light of the decision by the California Department of Financial Protection and Innovation to shut down Silicon…
U.S. banking regulators were forced to urgently close the California-based institution on Friday after billions of dollars were withdrawn by fearful depositors.
It notes Silicon’s business in Canada is primarily lending to corporate clients, and that the branch does not hold any commercial or individual deposits in Canada. Routledge says by taking temporary control, the OSFI is acting to protect the rights and interests of the branch’s creditors. Silicon Valley Bank served mostly technology workers and venture capital-backed companies, including some of the industry’s best-known brands.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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.
Lire la suite »
Canadian regulator seizes assets of Toronto branch of Silicon Valley BankCanada’s banking regulator says it has temporarily seized assets of the Canadian branch of Silicon Valley Bank.
Lire la suite »
Canadian regulator seizes assets of Toronto branch of Silicon Valley BankCanada’s banking regulator says it has temporarily seized assets of the Canadian branch of Silicon Valley Bank.
Lire la suite »
Canadian regulator seizes assets of Toronto branch of Silicon Valley BankOTTAWA — Canada's banking regulator says in light of the decision by the California Department of Financial Protection and Innovation to shut down Silicon Valley Bank, it has temporarily seized assets of the Canadian branch to preserve their value. U.S. banking regulators were forced to urgently close the California-based institution on Friday after billions of dollars were withdrawn by fearful depositors. In a statement, Canada's Office of the Superintendent of Financial Institutions says the b
Lire la suite »
Canadian regulator seizes assets of Toronto branch of Silicon Valley BankOTTAWA — Canada’s banking regulator says it has temporarily seized assets of the Canadian branch of Silicon Valley Bank.
Lire la suite »
Canadian regulator seizes assets of Toronto branch of Silicon Valley BankOTTAWA — Canada’s banking regulator says in light of the decision by the California Department of Financial Protection and Innovation to shut down Silicon…
Lire la suite »