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Memorial University president apologizes, takes temporary leave, as Mi'kmaw claims scrutinized

Memorial University president Vianne Timmons is taking a voluntary, six-week paid leave of absence and is apologizing as the university…

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Banking regulator takes permanent control of Silicon Valley Bank's Canadian assets

Business·BreakingThe Superintendent of Financial Institutions took additional action to protect creditors of the Silicon Valley Bank's Canadian branch by taking…

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Why some in Canada's tech industry are feeling jittery after Silicon Valley Bank's collapse

The failure of Silicon Valley Bank on Friday had Canadian tech companies working to quickly withdraw their assets from the…

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Parent company of Silicon Valley Bank filing for bankruptcy protection

The parent company of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.SVB…

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Swiss to hold news conference amid Credit Suisse troubles

UBS will take over Credit Suisse, Swiss authorities said on Sunday, to help rescue the embattled lender."With the takeover of…

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U.S. regulator breaks up Silicon Valley Bank, seeks separate sale of private unit

The U.S. Federal Deposit Insurance Corporation (FDIC) on Monday decided to break up Silicon Valley Bank (SVB) and hold two…

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Banks are in turmoil. Here's how Canadians might be affected

All eyes are on the global banking sector after sudden turmoil brought down or threatened a handful of U.S. banks and one…

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Against backdrop of banking crisis, U.S. federal reserve set to reveal latest rate decision this afternoon

The Federal Reserve is set to announce its latest interest rate policy Wednesday, a decision that is a much more in…

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