Banking regulator takes permanent control of Silicon Valley Bank's Canadian assets - CBC.ca

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The Superintendent of Financial Institutions took additional action to protect creditors of the Silicon Valley Bank's Canadian branch by taking permanent control of its assets, a statement said on Wednesday.

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Regulator took temporary control on Sunday

Thomson Reuters · Posted: Mar 15, 2023 1:25 PM EDT | Last Updated: 44 minutes ago

Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Mass., on March 13. Canada's banking regulator says it will take permanent control of SVB's Canadian branch assets. (Brian Snyder/Reuters)

The Superintendent of Financial Institutions took additional action to protect creditors of the Silicon Valley Bank's Canadian branch by taking permanent control of its assets, a statement said on Wednesday.

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2023-03-15 17:37:41Z
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