Send us your questions now and Kevin Carmichael and Barbara Shecter will answer them live at 11 a.m. Wednesday
Published Mar 14, 2023 • Last updated 10 hours ago • 1 minute read
Silicon Valley Bank’s collapse has raised the spectre of contagion in the global banking community. Photo by REUTERS/Dado Ruvic/Illustration/File Photo The collapse of SVB Financial Group’s Silicon Valley Bank has sent the global financial community into a state of panic not seen since 2008.
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Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors As events unfolded, U.S. authorities scrambled to erect backstops to protect depositors of the California-based bank, which served many in the tech industry, and Canada’s banking watchdog took over SVB’s operations here.
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The big fear is that the failure of this bank and two others in the United States could start a domino effect that would shake the global financial system to its core.
It also spiked anxiety over the aggressive rate hiking campaigns by the United States Federal Reserve and other central banks, which in part brought on the crisis.
Wednesday, March 15 at 11 a.m., Financial Post editor-in-chief Kevin Carmichael and veteran finance reporter Barbara Shecter will answer your questions about what the SVB collapse means for our banks, their customers, the economy and the stock market.
Just post your question and share your opinion in the comment section below before 11 a.m. on Wednesday.
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