State regulators also shut down New York-based Signature Bank on Sunday. This made it the third-largest failure in US banking history. News of the Signature Bank failure follows Friday's shutdown of Silicon Valley Bank. It was the second-largest banking collapse in US history after the Washington Mutual disaster during the 2008 recession.
The Federal Deposit Insurance Corporation (FDIC) took control of Signature Bank, which had $110.36 billion in assets and $88.59 billion in deposits at the end of last year, according to the New York State Department of Financial Services.
The US Treasury Department and other bank regulators said in a joint statement that all depositors of Signature Bank and Silicon Valley Bank will be paid and taxpayers will not suffer any loss.
5.1 Million Voters Decline in Bengal, Yet 3 Million More Votes Cast; Will It Impact the Results?
A truly astonishing picture has emerged following the second phase of the Bengal Assembly electio
'Not a shock but a mixed effect', India's reaction to Trump's 26 percent tariff
The Commerce Ministry is analyzing the impact of the 26 percent reciprocal tariff or import duty
BJP MP and film actress Kangana Ranaut has expressed deep anger over the recently surfaced Raja R
Merger of 7 AAP MPs into BJP Approved; Rajya Sabha Chairman Grants Permission; NDA Tally Reaches 148
A major political development unfolded in the Rajya Sabha in New Delhi on Monday. Rajya Sabha Cha
Rajasthan Royals team will play its 13th match on Wednesday against Punjab Kings, who are out of
Pakistan will not participate in the meeting of the Chief Justices of the Shanghai Cooperation Or
Modi 3.0 government focuses on farmers and infrastructure, read how the track record of 100 days was
Modi 3.0 government's 100 days are being completed on 17 September on Prime Minister Narendra Mod
In the Chandigarh-Dibrugarh Express derailment on the Gonda-Mankapur rail section, the investigat
The situation in Pakistan-Occupied Kashmir (PoK) continues to deteriorate. Following the Awami Ac
Speaker of Israeli Parliament Knesset Amir Ohana is in India on his four-day visit. Ohana on Tues
