Pakistan Affairs

Tag: U.S. news

  • Silicon Valley Bank’s Toronto branch seized by Canada’s banking regulator amid collapse | Globalnews.ca

    The assets of Silicon Valley Bank’s Canadian branch have been temporarily seized by Canada’s banking regulator after the bank\’s collapse last week. US banking regulators were forced to close the bank after large sums were withdrawn by worried depositors, which has raised concerns about other banks that cater to the technology sector companies. The Office of the Superintendent of Financial Institutions (OSFI) said on Sunday that Silicon Valley Bank’s Toronto branch primarily lends to corporate clients, and does not hold any commercial or individual deposits in Canada. Chris Freeland, Deputy Prime Minister and Finance Minister, released a statement saying that after speaking with Canada\’s financial sector leaders and the Bank of Canada, she believed that the country’s “well-regulated banking system is sound and resilient\”. Silicon Valley Bank is seen as one of the biggest bank failures in US history. Meanwhile, regulators moved swiftly to shut the New York-based Signature Bank over the weekend, while smaller banks remained under pressure.



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  • Joe Biden ready to run for 2nd presidential term, U.S. first lady says: ‘He’s not done’ – National | Globalnews.ca

    U.S. First Lady Jill Biden has given one of the clearest indications yet that President Joe Biden will run for a second term. In an exclusive interview with The Associated Press, she said that there\’s \”pretty much\” nothing left to do but figure out the time and place for the announcement. Biden aides have said an announcement is likely to come in April. Jill Biden also spoke extensively for the first time about her skin cancer diagnosis, which led doctors to remove multiple basal cell lesions in January. She said she\’s been extra careful about sunscreen since then and has been advocating for cancer screening for years. The First Lady also reflected on the legacy of former President Jimmy Carter, who recently began home hospice care. She recalled him and his wife, Rosalynn, reaching out on the eve of Joe Biden’s inauguration two years ago and visiting the Carters at their home in Plains, Georgia, early in Biden’s presidency. As the First Lady continues her career in addition to her ceremonial duties, she expressed that she\’s not ready to think about retirement.



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