CanadianInvestor
mxwarp
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1y ago
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100%
National Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank's commercial loan portfolio.
https://ca.finance.yahoo.com/news/national-bank-buy-canadian-branch-133241835.htmlThe Montreal-based bank says the portfolio it will nab is made up of about $1 billion in loan commitments, of which $325 million are outstanding.
Much of the portfolio is focused on the technology, life science and global fund banking sectors and will be integrated into National Bank's technology and innovation banking group.
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