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Documents obtained by Global News show how fears of banking instability in Canada tied to Silicon Valley Bank’s collapse rippled through corporation in charge of deposit insurance.
Documents obtained by Global News show how fears of banking instability in Canada tied to Silicon Valley Bank's collapse rippled through corporation in charge of deposit insurance.
Their easy-money policies led bankers to take excessive risks and seeded the system with vulnerabilities that are now hurting
Late on Monday night, Silicon Valley Bank’s customers unexpectedly got an email in their inboxes from the bank’s new CEO, Tim Mayopoulos, claiming that the institution was not only open but also conducting business as usual. The email, which TechCrunch got from various sources, stated that Silicon Valley Bank, N.A. was open and operating normally. …
The legislation would require federal regulators to claw back up to three years of compensation received by big bank executives.