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Silicon Valley Bank, the sixteenth-largest bank in the U.S., collapsed on March 10, 2023 after customers tried to collectively withdraw $42 billion in a single day. (AP Photo/Jeff Chiu)

What Canada can learn from the collapse of Silicon Valley Bank

The collapse of Silicon Valley Bank serves as a reminder of the importance of robust risk management, sound regulatory oversight and effective liquidity management.
The U.S. Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on March 10, 2023, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. (AP Photo/Jeff Chiu)

Silicon Valley Bank’s failure: Could something similar happen in Canada?

Large Canadian banks are likely not at risk of bank failures, but history suggests smaller, more niche financial service firms could be.

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