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

Other news

Rath Yatra 2023: Lakhs of devotees gathered in Puri Jagannath Dham, Ashwini Vaishnav arrived to pull the chariot

The world-famous Rath Yatra of Mahaprabhu is being celebrated with full enthusiasm in Jagannath D

Delhi-UP will receive heavy rainfall today, rain wreaked havoc in Himachal; Know the condition of these states including Punjab-Haryana

Monsoon is now raining heavily in North India. The Meteorological Department (IMD) said that very

Malik Mohammad Alam was furious at those who called Dhurandhar propaganda, saying, "They have blinders on their minds..."

Actor Gaurav Gera, who is mostly seen in comedic roles, was unrecognizable to many viewers when h

The reason for the separation of Tamannaah Bhatia and Vijay Verma is known, is the actress going to get married soon?

Recently, news came that Tamannaah Bhatia and Vijay Verma have broken up. Since then, fans were w

Deepika Padukone: Before the release of 'Fighter', Deepika reached Venkateswara temple and offered prayers with sister Anisha.

Actress Deepika Padukone is in the news for her upcoming film 'Fighter'. This film will be releas

Nicholas Pooran became the 'King' of IPL 2025, and created a stir by creating not one but 5 records in the SRH vs LSG match.

West Indies batsman Nicholas Pooran hit the fastest fifty of IPL 2025. Pooran wreaked havoc with

Lucknow Super Giants : For the first time in Lucknow, an IPL match will be held between Super Giants and Delhi Capitals today.

The 16th season of the Indian Premier League (IPL) started on Friday at the Narendra Modi Stadium

Ram Gopal Varma became a fan of Akshaye Khanna in 'Dhurandhar', and praised him highly for his role as the dacoit Rehman; here's what he said.

Ranveer Singh and Akshaye Khanna's starrer 'Dhurandhar' is continuously receiving praise. The fil

France Violence: Somewhere the police were targeted, and somewhere the bank was blown up; France's violence spread to other countries

Violence in France is not taking the name of stopping. Riots and demonstrations were witnessed at

Amit Shah: The Home Minister will give a gift of 300 crores to Vadnagar in Gujarat today, and will dedicate the Archaeological Museum to the public

Home Minister Amit Shah will inaugurate the Archaeological Experiential Museum in PM's hometown V