Banking News

• National Bank buying SVB’s Canadian commercial loan portfolio

  National Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank's commercial loan portfolio. The deal is expected to close in the coming weeks.

  Money

  Aug 1, 2023
  
• Credit Suisse lost US$68B in assets last quarter amid banking challenges

  Clients rapidly started pulling money from Credit Suisse after it was ensnared in market turmoil unleashed by the collapse of Silicon Valley Bank and Signature Bank.

  World

  Apr 24, 2023
  
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• Credit Suisse ‘could not be saved,’ chairman says in apology to shareholders

  The chairman of Credit Suisse apologized Tuesday to shareholders for failures of the once-venerable bank and acknowledged the shock and anger felt.

  World

  Apr 4, 2023
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• Bank of Canada ‘ready to act’ in event of market-wide banking stress: official

  A senior Bank of Canada official says the central bank is keeping a close eye on the stresses to the global banking system ahead of its next interest rate decision.

  Economy

  Mar 29, 2023
• Bank rules under review in wake of SVB failure, U.S. Fed official says

  Fed official Michael Barr said during a Senate Banking Committee hearing it is considering whether stronger bank rules are needed to prevent a similar bank failure in the future.

  U.S. News

  Mar 28, 2023
• U.S. banking system stabilizing, situation ‘very different’ from 2008 crisis: Yellen

  In a speech aimed at calming nerves rattled by two prominent bank failures this month, Janet Yellen said that the U.S. banking system was stabilizing.

  U.S. News

  Mar 21, 2023