Executives at First Republic Bank and Silicon Valley Bank sold stock right before the banking crisis.First Republic’s chief risk officer sold shares two days before the Silicon Valley Bank implosion.President Joe Biden called on Congress to allow regulators to claw back bank executives’ compensation following the collapse. Loading Something is loading. Thanks for signing up!… Continue reading Executives at Silicon Valley Bank and First Republic Bank sold millions of stock right before the crash
Fed Chair Jerome Powell reportedly blocked a statement on regulatory flaws that led to SVB’s collapse
The NYT reported that Fed Chair Powell blocked a mention of regulatory failings in a report on SVB. The final joint statement on SVB’s fall speaks mostly of regulators’ work since the 2008 crisis. Some have blamed the fall of SVB on a lack of oversight stemming from policy rollbacks by the Trump Administration. Loading… Continue reading Fed Chair Jerome Powell reportedly blocked a statement on regulatory flaws that led to SVB’s collapse
Home prices fell annually for the first time since 2012, but the collapse of Silicon Valley Bank is bringing more buyers to the housing market
In February, home prices fell on a year-over-year basis for the first time since 2012, Redfin said. But March has seen a shift in the market with the implosion of Silicon Valley Bank. More homebuyers came into the market as mortgage rates dropped. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Home prices fell annually for the first time since 2012, but the collapse of Silicon Valley Bank is bringing more buyers to the housing market
Pornhub parent MindGeek acquired by new Canadian private equity fund
Ethical Capital Partners to buy owner of a variety of pornographic streaming platforms and studios Author of the article: Bloomberg News Ari Altstedter Published Mar 16, 2023 • Last updated 9 hours ago • 1 minute read
Banking, energy selloffs opportunities for investors with the courage to be contrarians
Canadian banks caught in the crossfire look that much more attractive Published Mar 16, 2023 • Last updated 14 hours ago • 3 minute read Silicon Valley Bank collapse has sparked a flight to safety in markets that investors could use to their advantage. Photo by REUTERS/Tilman Blasshofer It has been quite the wild ride in… Continue reading Banking, energy selloffs opportunities for investors with the courage to be contrarians
Inside a Canadian venture capital firm during the SVB storm
Even in Canada, tech startups and the firms who fund them felt the shockwaves of the Silicon Valley Bank’s failure. Here’s how it went down Published Mar 16, 2023 • Last updated 13 hours ago • 6 minute read Police officers leave Silicon Valley Bank’s headquarters in Santa Clara, California on March 10, after U.S. authorities… Continue reading Inside a Canadian venture capital firm during the SVB storm
Capital gains tax and more changes that could target higher-income Canadians in the next federal budget
Jamie Golombek: Ottawa says it’s looking to close tax loopholes that benefit the wealthy and corporations Published Mar 16, 2023 • Last updated 18 hours ago • 5 minute read Finance Minister Chrystia Freeland holds a news conference before delivering the 2022-23 budget, in Ottawa, on April 7, 2022. Photo by Blair Gable/Reuters We have a… Continue reading Capital gains tax and more changes that could target higher-income Canadians in the next federal budget
Joe Oliver: The Trans Mountain financial fiasco just got worse
Will go down in history as a shockingly high-priced project with startling cost overruns Published Mar 16, 2023 • Last updated 19 hours ago • 4 minute read A pipe yard servicing Trans Mountain in Kamloops, B.C. Photo by Jennifer Gauthier/Reuters/File Photo Late Friday afternoon, the traditional slot for bad news, Trans Mountain Corporation (TMC) announced… Continue reading Joe Oliver: The Trans Mountain financial fiasco just got worse
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