Canadian regulator takes control of Silicon Valley Bank's Canadian branch

FILE PHOTO: A locked door to a Silicon Valley Bank location on Sand Hill Road is seen in Menlo Park, California, U.S. March 10, 2023.A Canadian banking regulator on Sunday said it was taking temporary control of Silicon Valley Bank’s unit in the country, as the fallout from the collapsed U.S. startup-focused lender reverberated around the world.

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