Signature Bank : After SVB, now Signature Bank is also closed, and FDIC takes control


Posted on 13th Mar 2023 03:13 pm by rohit kumar

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.

 

Also Read: Data Speed: India is ahead of Russia-Argentina in mobile data speed. The country reached 49th position

1 Like 0 Dislike
Previous news Next news
Other news

G-20 Summit: India trying to agree on a statement by including Russia's views on Ukraine

India has proposed that the views of Russia and China be included in the G-20 statement condemnin

Parsi New Year 2022: Today is Parsi New Year 'Navroz', know its tradition, history and importance

Parsi New Year 2022: Today the Parsi community is celebrating Navroz i.e. New Year. Navroz is als

Save Aravalli: A desert will form near Delhi in a few years; 31 hills of the Aravalli range have disappeared under the guise of legal and illegal mining.

Thirty-one hills of the Aravalli range, which are vital to the entire NCR region, including Delhi

Poacher Trailer Release: Interesting story of ivory smuggling 'Poacher', the trailer of Alia Bhatt's series released

Poacher Trailer Out: The investigative crime thriller series Poacher, directed by Emmy Award winn

What is Bali's connection with NEET Paper Leak? CBI is busy investigating the horoscope of Oasis Principal, coaching teacher is also on the radar

Oasis School in Hazaribagh district of Jharkhand remains the center of CBI's investigation in the

Lok Sabha Polls 2024: 'The war against corruption will not stop, only 3% of ED cases are against politicians', PM Modi bluntly

Prime Minister Modi says that corruption at any level affects the people of the entire country. T

Chandrababu Naidu said that no one except PM Modi could have carried out Operation Sindoor also spoke openly on Waqf law.

Andhra Pradesh Chief Minister N. Chandrababu Naidu openly praised PM Modi in the case of Operatio

CSK vs LSG: Marcus Stoinis made a huge record in IPL history, leaving behind Virender Sehwag-Sanju Samson.

Lucknow Supergiants all-rounder Marcus Stoinis shattered the pride of Chennai Super Kings in 

Bigg Boss OTT 3: The birth of a son changed Ranveer Shorey's life, on Haroon's custody he said- he is with me half the time

Actor Ranvir Shorey is currently seen in Bigg Boss OTT 3. In the show, he is seen talking about h

Sanatan Dharma: An attempt was made to insult Sanatan Dharma, Rahul Gandhi and Uddhav Thackeray are sitting silent - Anurag Thakur

Union Minister Anurag Thakur on Monday (September 11) once again cornered the opposition over the

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash