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SVB’s biggest debtor in Canada is Michele Romanow’s tech finance firm Clearco

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The biggest asset among defunct SVB\u0027s debtors is a loan to the e\u002Dcommerce lender started by Michele Romanow, according to reports. Read on.

SVB Canada has about 200 borrowers, primarily in the technology, life sciences and clean technology industries, the people said, speaking on condition they not be named because the matter is still private.

Silicon Valley Bank crumbled in early March when its capital-raising plans failed, leaving it exposed to a bank run in which depositors tried to pull out US$42 billion in one day.Article content

 

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