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.
Video surfaced of PM Modi visiting Team India's dressing room, and invited everyone to come to Delhi
The Indian team lost in the final of the World Cup. Australia defeated Team India by six wickets
WI vs ENG 2nd ODI Match Report: The second match of the three-match ODI series being played betwe
Prime Minister Narendra Modi will flag off the new Amrit Bharat train in Ayodhya today. PM Narend
An emergency landing was made in Mumbai of an Indigo Airlines flight going from Delhi to Goa. The
IND vs AUS: Australia's poor move, Marsh-Maxwell-Hazlewood mock India's 'no handshake' policy
A new controversy has erupted over the Indian players' policy of not shaking hands during the Asi
Ambedkar Statue : 125 feet tall statue of Ambedkar in Hyderabad, KCR unveiled
Ambedkar's statue in Hyderabad: Telangana Chief Minister K Chandrasekhar Rao on Friday unveiled a
Russia's 'Mission Moon' suffered a major setback on Sunday. Russia's Luna-25 Spacecraft Crashed b
The Indian team has left Barbados on Wednesday through a special chartered flight and the flight
The ongoing tension between Iran and Israel (Israel-Iran Tension) has once again made global head
The real reason behind Nikki Payala's painful death was the conservative thinking and narrow mind
