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.
PM Modi is on a state visit to America. During his tour, PM Modi met with many celebrities. Modi
Nine people were killed and several others were injured in a deadly explosion near the Nowgam pol
PM Modi addressed an election rally in Vellore, Tamil Nadu today. He said, "Our New Year is start
Manipur Violence: Given the improvement in the law and order situation, the Manipur government ha
The government and the opposition are face to face over the Waqf Amendment Bill. Meanwhile, membe
Adipurush New Poster: Prabhas has once again tightened his gear. These days he is in constant dis
Japan's weather agency has issued a tsunami warning after 155 earthquakes. The agency has appeale
The 19th season of TV's popular, controversial show Bigg Boss is in a lot of discussion. The prom
Prime Minister Narendra Modi laid the foundation stone of several rail projects worth over Rs 85,
Thalaivar 171 First Poster: Filmmaker Lokesh Kanagaraj, who has given blockbuster films like Mast
