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

Gaslight Sara Ali Khan: On the set of 'Gaslight', Sara felt haunted, and heard strange voices in Wankaner palace

All types of movies are shown in Bollywood, romantic, action, comedy, and horror. Everyone has th

Pushpa 2 Advance Booking: 'Pushpa 2' created history in booking, made a huge collection, broke the pride of RRR too

The most awaited film of the year 2024 'Pushpa 2: The Rule' is just a few hours away from being r

Somewhere it rains and somewhere heatwave alert, heat wave will continue in these states including Delhi-UP; IMD forecast

The havoc of the cyclonic storm may have stopped in Gujarat, but the effect of the storm is being

Donald Trump: 'Whoever imposes more tax, we will impose the same tariff on them', Trump set April 2 as the deadline, also named India

While addressing the Congress, US President Donald Trump placed India, China, South Korea and man

Munawar Faruqui said after the victory, whatever I got is the result of my actions, gave credit for success to this person

Munawar Faruqui has won the trophy of 'Bigg Boss 17'. Fans are very happy about 'Dongri Ke Raja'.

Extradition of Tahawwur Rana: Amit Shah said- this is a big success of the Modi government, also targeted Congress

There is a lot of discussion about the return of Tahawwur Rana, the main accused of the 26/11 Mum

Suryakumar Yadav: Embarrassing record in ODI, could not open an account in whole series

The last match of the three-match series between India and Australia is being played in Chennai.

CM MK Stalin demands the Center to remove Hindi from government offices, appeals to make Tamil the official language.

Tamil Nadu Chief Minister MK Stalin has made an absurd demand to remove official language Hindi f

Annapoorani: Protest against 'Annapurani' due to controversial dialogue, producers issued a statement

An allegation has been filed against the makers of South actress Nayanthara's film 'Annapurnani'

Elli Avram: Amidst rumours of an affair, Elli scolded Ashish Chanchlani, said- 'Shut up'; video goes viral

For some time now, actress Elli Avram's name is being linked with famous YouTuber and actor Ashis

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