SVB’s biggest debtor in Canada is Michele Romanow’s tech finance firm Clearco

  • 📰 financialpost
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 85%

Business News News

Business Business Latest News,Business Business Headlines

The biggest asset among defunct SVB\u0027s debtors is a loan to the e\u002Dcommerce lender started by Michele Romanow, according to reports. Read on.

SVB Canada has about 200 borrowers, primarily in the technology, life sciences and clean technology industries, the people said, speaking on condition they not be named because the matter is still private.

Silicon Valley Bank crumbled in early March when its capital-raising plans failed, leaving it exposed to a bank run in which depositors tried to pull out US$42 billion in one day.Article content

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines