Canada\’s federal banking watchdog has taken over the Canadian operations of Silicon Valley Bank (SVB), the US tech lender, to prevent further financial risk. SVB did not hold a banking license in Canada but operated as a foreign bank branch. Regulators in the US and Britain took similar steps to combat the risk of the […]
Canada\’s federal banking watchdog has taken over the Canadian operations of Silicon Valley Bank (SVB), the US tech lender, to prevent further financial risk. SVB did not hold a banking license in Canada but operated as a foreign bank branch. Regulators in the US and Britain took similar steps to combat the risk of the […]
Judge George Daniels of the Southern District of New York has ruled that families of the victims of the 9/11 attacks cannot seize the $3.5 billion belonging to Afghanistan\’s central bank. The money was taken by the US after the Taliban stormed back to power in 2021 and Biden said it could be made available […]
[ NEW YORK: A U.S. judge decided on Tuesday that victims of the Sept. 11, 2001, attacks are not entitled to seize $3.5 billion of assets belonging to Afghanistan\’s central bank to satisfy court judgments they obtained against the Taliban. U.S. District Judge George Daniels in Manhattan said he was \”constitutionally restrained\” from finding that […]