Bank RUN coming to Canada. A senior Bank of Canada official says the central bank is keeping a close eye on the stresses to the global banking system ahead of its next interest rate decision and monetary policy report in April. In a speech to the National Bank financial services conference, Bank of Canada deputy governor Toni Gravelle says the bank is looking for any potential spillovers into the real economy from the recent banking problems in the U.S. and Europe. U.S. regulators had to take control of Silicon Valley Bank as well as Signature Bank earlier this month to prevent wider financial problems amid a run on deposits, while Swiss authorities helped UBS to acquire Credit Suisse after its rival ran into difficulties.
https://globalnews.ca/news/9587337/bank-of-canada-watching-global-banking-stresses/
https://globalnews.ca/news/9587337/bank-of-canada-watching-global-banking-stresses/
Bank RUN coming to Canada. A senior Bank of Canada official says the central bank is keeping a close eye on the stresses to the global banking system ahead of its next interest rate decision and monetary policy report in April. In a speech to the National Bank financial services conference, Bank of Canada deputy governor Toni Gravelle says the bank is looking for any potential spillovers into the real economy from the recent banking problems in the U.S. and Europe. U.S. regulators had to take control of Silicon Valley Bank as well as Signature Bank earlier this month to prevent wider financial problems amid a run on deposits, while Swiss authorities helped UBS to acquire Credit Suisse after its rival ran into difficulties.
https://globalnews.ca/news/9587337/bank-of-canada-watching-global-banking-stresses/
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