SVB's biggest debtor in Canada is Romanow's tech finance firm - BNN Bloomberg

Toronto-based Clear Finance, which operates under the name Clearco, is an alternative lender that offers cash advances to e-commerce and software startups. It’s struggling amid the tech sector downturn after its cost of capital jumped. The company has done extensive staff cuts and exited markets outside North America.

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.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Here’s a breakdown of the big banks’ second-quarter earnings so farThe six largest banks in Canada – CIBC, TD Bank, BMO, Scotiabank, RBC and National Bank – release their second-quarter financial results against a backdrop of lower profit expectations from analysts and economic downturn
Bron: globeandmail - 🏆 5. / 92 Lees verder »

Stocks are urgently needed for community pet food banks: B.C. SPCA\u0027The number of organizations we are currently supporting has risen from 139 to 155,\u0027 says an SPCA outreach co\u002Dordinator
Bron: VancouverSun - 🏆 49. / 61 Lees verder »