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

Wayanad Landslide: A special campaign launched to provide documents to people again; the Search for missing people continues

Landslides in various hilly areas near Meppadi in Wayanad district of Kerala on July 30 caused ma

NZ vs AUS Test: Alex Carey was the hero of Australia's victory, the match turned in one day; Won the series 2-0 by defeating New Zealand

In the second Test match played in the Christchurch Test, the Australian team defeated New Zealan

Who did Saint Premanand first enthrone? He prostrated himself before him and had his feet washed.

This is the eternal tradition: when two prominent practitioners from different sects met, not onl

India's Got Latent: The user asked Tanmay why don't you take Samay Raina's stand? YouTuber reacted

Tanmay Bhat has broken his silence on the controversy surrounding fellow comedian Samay Raina's s

National Herald Case: Congress's 'Congress Satya BJP Jhoot' campaign starts today, 57 leaders will visit 57 cities

The Congress party will hold press conferences in 57 cities across the country between April 21 a

Sikandar First Look: Salman Khan's first glimpse from 'Sikandar', fans go crazy seeing Bhaijaan's new look

There is tremendous hype about Hindi cinema mega superstar Salman Khan's upcoming film Sikandar.

Adnan Sami: Adnan Sami remembered Lata Mangeshkar, and also praised Salman Khan

Adnan Sami is a well-known singer in Bollywood. He remains very active on social media. Often kee

Jee Karda Review: Prime Video series tightening marriage on the test of friendship, Tamannaah Bhatia sets the tone

Love, friendship, and marriage is such a subject, which has been presented on screen by interweav

Corona: Corona's new variant XBB 1.16, which is spreading rapidly in the country, has raised concerns, as revealed in INSACOG's data

There is a continuous increase in the cases of corona in the country. Meanwhile, the XBB 1.16 var

Lok Sabha Election 2024: Rajamouli returns from Dubai to vote, Jr NTR also in line; Who voted where?

This year, many stars of Bollywood and the television industry are all set to start their journey

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