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.
Cases of coronavirus infection are being seen increasing rapidly globally, especially due to the
The Supreme Court has given a big decision regarding stray dogs in Delhi. The court has ordered t
Ram Mandir The grand Ram temple being built in Ayodhya, Uttar Pradesh is going to be inaugurated
Manipur Violence: Violent protests again in Imphal, DC office vandalized; burnt two vehicles
A fresh incident of student-led violence broke out in the Manipur capital on Tuesday after photog
Team India's picture was a super hit in the final match of Asia Cup 2023. In the title match, Roh
A cloudburst over Lhonak Lake in North Sikkim caused a flash flood in the Teesta River basin on W
Sana Yousaf, who was entertaining fans by continuously sharing reels and videos on social media t
Delhi: Drone seen above PM Modi's residence, SPG and police stirred, agencies engaged in the search
The news of a drone flying over the Prime Minister's residence on Monday morning created a stir.
Vigilance has increased in Himachal Pradesh after cases of Human Metapneumo Virus (HMPV) were rep
Three cases including murder have been registered against Haryana's Gurmel who was arrested in th
