Silicon Valley Bank collapsed. What are the Canadian implications?
Guest: Chay Ornthanalai, associate professor at the Rotman School of Management
Silicon Valley Bank was the 16th largest bank in the United States yet, in less than two days, it collapsed and marked the single largest American banking failure since the financial crisis of 2008. Ripple effects from SVB’s collapse continue to hit similar institutions, have reached Credit Suisse Group (itself moving to sell) and ignited a political blame game. Chay Ornthanalai, an associate professor at the Rotman School of Management, joins “This Matters” to explain what went wrong and explore why it is unlikely for such failures to happen in Canada.
This episode was produced by Brian Bradley and Paulo Marques.
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