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.
Bollywood actress Mamta Kulkarni has today resigned from the post of Mahamandaleshwar of Kinnar A
Jaipur Mumbai Train Firing An incident has come to the fore raising questions on the safety of th
There is good news for Hindi fans who are fond of South films. If you are waiting to watch Tamil
Union Bank of Switzerland: UBS buys Credit Suisse for $3.23 billion, Swiss government announces
Switzerland's UBS Group has bought the troubled Credit Suisse bank for $3.23 billion. The governm
Preparations for the inauguration of Ram temple in Ayodhya are being done with great pomp. There
According to the Economic Survey, 65 percent of India's fast-growing population is under the age
The Indian team defeated New Zealand by four wickets with 12 balls remaining in the 20th match of
Next hearing in the Allu Arjun case on January 3, Pawan Kalyan said the police action was correct
Important comments of Andhra Pradesh Deputy Chief Minister Pawan Kalyan have come to the fore in
Prime Minister Narendra Modi arrived at the inaugural function of the 32nd International Conferen
The Indian team reached Sri Lanka for the three-match T20 series. Team India, led by new head coa