With the recent events regarding Silicon Valley Bank (SVB), some investors may have questions about what happened and what it means for financial markets. To help answer some of those questions, and to understand how SVB’s predicament was unique relative to other US or Canadian banks, you can read this article from RBC Wealth Management’s Global Portfolio Advisory Committee. Also, this podcast from RBC Global Asset Management is helpful in understanding how the Canadian banking system is different than that of the US and how such an event is less likely north of the border.
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