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

‘Whenever Premanand ji comes to meet me…’, Rambhadracharya clarified, mentioning Dheerendra Shastri in the video

Tulsi Peethadheeshwar Jagadguru Rambhadracharya has come forward to calm the outrage that spread

Jawan Collection Day 23: Shahrukh Khan's pace slowed down, lost even in earning Rs 10 crores

Jawan Collection Day 23: Shahrukh Khan's film 'Jawaan' continues to dominate the box office. The

T20 World Cup 2024: India practiced hard before the start of the tournament, Hardik bowled for an hour

The Indian team sweated it out in its first training session in New York before starting its camp

Bindra slammed on social media: 'Advice to others, embarrassment with oneself', users are writing such things in condemnation

Advice to others, embarrassment with oneself... This comment is being made on social media about

NZ vs AUS: The pair of Cameron Green and Josh Hazlewood created history, and made a record-breaking partnership against New Zealand

Australia's Cameron Green and Josh Hazlewood created history against New Zealand on Friday. Green

'I have brought the water of Saryu and Maha Kumbh Sangam for you...', PM Modi addressed the Indian community in Trinidad and Tobago.

Prime Minister Narendra Modi addressed the Indian community in Trinidad and Tobago on Thursday. D

Gautam Gambhir: 'Hamara Apna Hai...', Shahrukh Khan gets emotional when Gautam Gambhir returns to Kolkata Knight Riders

Former Indian opener Gautam Gambhir has returned to Kolkata Knight Riders. Kolkata made a big ann

Air India Plane Crash: Now aircraft security around airports will be more strict, the government will keep an eye on tall buildings; and big action will be taken

After the horrific plane crash in Ahmedabad on June 12, the Civil Aviation Ministry on Wednesday

Tiger 3: Salman Khan had to sweat while doing this scene of Tiger 3, said - it was filmed without planning

The countdown for the release date of Salman Khan and Katrina Kaif starrer film 'Tiger 3' has sta

60.45% voting in Delhi: Voting was less than 60% in 28 assembly constituencies, the lowest votes cast after 2008

In the Delhi Assembly elections (Delhi Vidhan Sabha Chunav 2025), the voting percentage declined

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