The failure of Silicon Valley Bank has people asking what would happen to their money if something similar occurred in Canada. Read on.
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The CDIC has eight separate categories in which it classifies deposits. These are: deposits held in one name; joint deposits that are held in more than one name; registered retirement savings plan ; registered retirement income fund ; tax-free savings account ; registered education savings plan ; registered disability savings plan ; and deposits held in trust.
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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. startup-focused lender reverberated around the world.
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Canadian Authorities Seize Control of Silicon Valley Bank’s Canada BranchAn independent regulator associated with the Canadian government moved on Sunday to seize temporary control of Silicon Valley Bank’s Canadian unit.
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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 U.S. startup-focused lender reverberated around the world.
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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…
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Can the Government Contain a Banking Crisis? - The Journal. - WSJ PodcastsWhen Silicon Valley Bank imploded last week, it was the second biggest bank failure in U.S. history. Then, over the weekend, another bank, Signature Bank, was also taken over by the government. WSJ financial editor Charles Forelle explains what kicked off this banking crisis and how the government is scrambling to contain it. Further Reading: - How Silicon Valley Turned on Silicon Valley Bank - Silicon Valley Bank Closed by Regulators, FDIC Takes Control - Were SVB and Signature Bank Just Bailed Out by the U.S. Government?
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Silicon Valley Bank down, USDC depegged, FTX billed $34M in JanSilicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs. Catch up on more important headlines from last week on our Hodler's Digest.
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