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.
Canada: Khalistani supporters threaten to target Hindu temple, Indian-origin MP demands action
Tension is continuously increasing between India and Canada regarding Khalistani supporters and a
Eye Flu: The continuous rains during the monsoon season have become a cause of trouble for people
World Health Day 2023: Why celebrate World Health Day? Learn its history and this year's theme
World Health Day 2023: WHO (World Health Organization ie World Health Organization) celebrates Ap
SSC MTS Final Result 2023: The Staff Selection Commission has released the final result of the Mu
Prime Minister Narendra Modi has spoken to Assam Chief Minister Himanta Biswa Sarma, Sikkim Chief
The petitions filed in the Supreme Court regarding the Waqf Act will be heard today. From 2 p.m.,
Bollywood actress Anushka Sharma and Indian cricketer Virat Kohli are considered one of the count
Before the start of the third season of the Indian Street Premier League (ISPL), the name of acto
Mumbai terror attack mastermind Tahawwur Rana was finally brought to India on Thursday evening. R
Prime Minister Narendra Modi spoke on the phone with Iranian President Ebrahim Raisi on Monday. T
