SVB Collapse
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Call the influencers: How the CDIC tried to quell fears after SVB’s collapseDocuments 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.MoneyJun 8, 2023
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Rate hikes, social media drove SVB’s collapse, former CEO saysGreg Becker, former CEO of SVB, apologized in congressional testimony for what he called the "devastating" collapse of the firm while.MoneyMay 15, 2023
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World Bank raises 2023 growth outlook but warns on banking turmoil, oil pricesWorld Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward.EconomyApr 10, 2023
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Bank rules under review in wake of SVB failure, U.S. Fed official saysFed 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. NewsMar 28, 2023
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Silicon Valley Bank collapse: First Citizens to buy financial institutionThe sale of Silicon Valley Bank announced late Sunday involves the sale of all deposits and loans of SVB to First-Citizens Bank and Trust Co., the FDIC said.U.S. NewsMar 27, 2023
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Getting inflation back to 2% has ‘long way to go’ and will be ‘bumpy’: PowellThe Fed would likely welcome slower growth, which would help cool inflation. But few economists are sure what the effects would be of a pullback in bank lending.MoneyMar 22, 2023
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SVB’s collapse was a ‘bank sprint, not a bank run.’ Did social media fan the flames?Silicon Valley Bank's rapid demise has revealed the speed at which bank failures can unfold in the new digital landscape, experts say.MoneyMar 15, 2023
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SVB instability could drive some Canadian mortgage rates lower. Here’s whyThe collapse of Silicon Valley Bank and fears of wider financial instability has led some market forecasters to revise interest rate path expectations.MoneyMar 14, 2023
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Silicon Valley Bank collapse: U.S. bank stocks rally despite contagion fearsA furious race to reprice interest rate expectations also buffeted markets as investors bet the U.S. Federal Reserve will be reluctant to hike next week.EconomyMar 14, 2023
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Silicon Valley Bank’s collapse rattled the U.S. Now, Canada braces for aftershocksSilicon Valley Bank's collapse has some worried about a contagion spreading to financial institutions north of the border. Here's what to know about risks for Canada.MoneyMar 13, 2023
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