Banking industry

Fed criticized for missing red flags before bank collapse Fed criticized for missing red flags before bank collapse

Market Insights

Fed criticized for missing red flags before bank collapse

SVB was highly susceptible to depositors quickly withdrawing their money at the first sign of trouble

By Christopher Rugaber, The Associated Press  and  Fatima Hussein, The Associated Press |March 14, 2023

3 min read

U.S. banking crisis averted, but challenges remain U.S. banking crisis averted, but challenges remain

Market Insights

U.S. banking crisis averted, but challenges remain

Regulators prevented bank runs in wake of SVB, but rating agencies say funding and liquidity problems persist

By James Langton |March 14, 2023

3 min read

Silicon Valley Bank collapse presents low risk for Canadian sector: analysts Fallback Image Decorative pattern

Industry

Silicon Valley Bank collapse presents low risk for Canadian sector: analysts

Canadian banks are much less exposed to the technology sector

By Ian Bickis, The Canadian Press |March 13, 2023

3 min read

OSFI seizes assets of Toronto branch of Silicon Valley Bank Fallback Image Decorative pattern

Industry

OSFI seizes assets of Toronto branch of Silicon Valley Bank

Peter Routledge stressed that SVB in Canada does not take deposits from Canadians

By The Canadian Press |March 13, 2023

2 min read