Official nonetheless pledged that the Federal Reserve and other agencies would take whatever steps deemed necessary to protect the banking system
Treasury Secretary said more rescue efforts could be necessary to prevent contagion
Amid the turmoil, some advisors seized buying opportunities and proactively comforted clients
Outflows from foreign securities hit $16.2 billion in January, StatsCan reported
The California-based bank serves a similar clientele as did failed Silicon Valley Bank
Tougher regulations are a key focus
Canadian banks are much less exposed to the technology sector
The legislation offers about $375 billion in tax credits to help the U.S. clean energy industry
In some cases, closing accounts before moving abroad might make sense
SVB was the 16th largest bank in the U.S., holding $210 billion in assets
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