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.
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.
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.
Today, starting at 11 a.m. Toronto time, Financial Post editor-in-chief Kevin Carmichael and veteran finance reporter Barbara Shecter will be answering your questions about what the SVB collapse means for our banks, their customers, the economy and the stock market.
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