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News release For immediate release OTTAWA - March 12, 2023 – Office of the Superintendent of Financial Institutions Canada Today, the Superintendent of Financial Institutions moved to protect creditors by taking temporary control of the assets of the Canadian branch of Silicon Valley Bank, as well as issuing notice that he intends to seek permanent control of its assets and requesting that the Attorney General of Canada apply for a Winding-Up Order. Silicon Valley Bank is headquartered in the United States and operates in Canada as a Foreign Bank Branch based in Toronto that is supervised by the Office of the Superintendent of Financial Institutions (OSFI). Its business in Canada is primarily lending to corporate clients. This branch does not hold any commercial or individual deposits in Canada.

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Origin Entry: Silicon Valley Bank Collapse / SVB Failure

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= The New York Times No, 'Wokeness' Did Not Cause Silicon Valley Bank's Collapse Blaming workplace diversity or environmentally and socially conscious investments for the firm's downfall signals a "complete lack of understanding of how banks work," one expert said. Daily Mail News .com REVEALED: Only ONE member of failed SVB's board had a career in investment banking - and the rest were Obama, Clinton mega-donors who 'grieved' when Trump won including one who went to Shinto shrine 'to pray' By Melissa Koenig For Dailymail.Com 13:02 EDT 14 Mar 2023, updated 13:45 EDT 14 Mar 2023 PRAYED AT SHINTO SHRINE ADVERTISEMENT REAL BANKER IMPROV ACTOR 10+5 View gallery

imgflip.com X Break up the Too Big To Fail banks Give even more special protections to the Too Big To Fail banks and force everyone into them

VENTURE CAPITALISTS 20 LEGITIMATE CRITICISM IS THIS THE RWANDAN GENOCIDE?

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Silicon Valley Bank Collapse / SVB Failure - Canada’s financial regulator announces it is “taking temporary control of the assets of the Canadian...

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News release For immediate release OTTAWA - March 12, 2023 – Office of the Superintendent of Financial Institutions Canada Today, the Superintendent of Financial Institutions moved to protect creditors by taking temporary control of the assets of the Canadian branch of Silicon Valley Bank, as well as issuing notice that he intends to seek permanent control of its assets and requesting that the Attorney General of Canada apply for a Winding-Up Order. Silicon Valley Bank is headquartered in the United States and operates in Canada as a Foreign Bank Branch based in Toronto that is supervised by the Office of the Superintendent of Financial Institutions (OSFI). Its business in Canada is primarily lending to corporate clients. This branch does not hold any commercial or individual deposits in Canada.

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Uploaded Mar 12, 2023 at 05:54PM EDT

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