An independent regulator associated with the Canadian government moved on Sunday to seize temporary control of Silicon Valley Bank’s Canadian unit.
in Canada, taking over in the wake of the collapse of the institution’s flagship in the United States. In its statement, the Office of the Superintendent of Financial Institutions also said it had issued notice that it intends to seek permanent control of SVB’s assets, and had asked Canada’s attorney general to apply for a winding-up order.
“By taking temporary control of the Canadian branch of Silicon Valley Bank, we are acting to protect the rights and interests of the branch's creditors,” said Peter Routleged, the superintendent of financial institutions. The move comes as the American government issued its own statement on Sunday, promising to step in to insulate SVB’s depositors, promising them access “to all of their money” by Monday.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Baca lebih lajut »
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.
Baca lebih lajut »
One of Silicon Valley's top banks fails; assets are seizedRegulators have seized the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago
Baca lebih lajut »
Silvergate and Silicon Valley Bank show the risks of banks concentrating in one areaCrypto was at an unfortunate confluence of events this week, which could mean heightened regulatory scrutiny. The industry isn't the problem, though.
Baca lebih lajut »
Silicon Valley Bank: Buy the dip in banks as crisis is unlikely to spreadBuy the dip in banks as the Silicon Valley Bank crisis is unlikely to spread, Goldman Sachs says
Baca lebih lajut »
Silicon Valley Bank failure could spark run on regional banks: sourcesThe failure of Silicon Valley Bank on Friday could lead wealthy individuals and businesses to pull their money out of other regional and mid-sized banks across the country.
Baca lebih lajut »