A laptop shows a financial chart on its screen
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March 13, 2023

Explainer: What happened with Silicon Valley Bank?

Professor Bryce Tingle explains the factors behind the failure of the U.S. bank and what it might mean for Canadians

When California-based Silicon Valley Bank failed over the weekend, many people started speculating whether a new financial crisis was on the horizon. Professor Bryce Tingle, KC, the Faculty of Law's N. Murray Edwards Chair in Business Law, explains what happened, what it means for Canadians, and how we can prevent bank failures like this one in the future. 

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