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

Now, the No Fuel Policy will be implemented in Delhi NCR from November 1; five districts, along with the capital, will also be included.

The government may have given relief to vehicles that have completed their age in Delhi, but this

No Handshake Ind vs Pak: Is it mandatory for players to shake hands after a match? Former umpire clarifies everything.

Former international umpire Anil Chaudhary has claimed that the recent controversy surrounding th

Bilkis Bano: 'Today is a new year for me, I can breathe again', Bano's comment on the court's decision

Today is truly a new year for me. I have smiled after one and a half years. I have hugged my chil

Kapil Sharma: Kapil Sharma regrets not being able to work in 'Chamkila', said - I cried a lot

The Great Indian Kapil Show is airing on Netflix these days. In the recent episode, Diljit Dosanj

President's Manipur Visit: President Droupadi Murmu's first visit to Manipur, a ceremony held to honor the struggles of women.

Indian President Droupadi Murmu will begin a two-day visit to Manipur on Thursday. During her vis

'I will give you 20 lakh rupees, you will have to kill him...' Big revelation by contract killers on Sonam Raghuvanshi; axe was ordered online

In the case of Raja Raghuvanshi and Sonam Raghuvanshi, who went to Meghalaya from Indore for a ho

RR vs MI: Hardik Pandya revealed the mistake of Mumbai Indians, said- 'In the beginning itself we...'

Mumbai Indians suffered a humiliating defeat by 9 wickets with 8 balls remain

Income Tax Bill 2025: Lok Sabha Speaker constitutes a 31-member selection committee, BJP MP Panda will be the chairman

Lok Sabha Speaker Om Birla has constituted a select committee to examine the Income Tax Bill, 202

Diplomacy should be like this! Jaishankar caught a flight to the US, while Yunus was reprimanded over the phone for Hindu violence.

The US has strongly reprimanded the head of the interim government of Bangladesh, Mohammad Yunus,

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

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