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

Delhi Liquor Case: CM Kejriwal appeared virtually in the court, said - could not come in person due to trust motion

Chief Minister Arvind Kejriwal appeared in Delhi's Rouse Avenue Court today after not appearing o

Coronavirus: First death due to corona in Delhi; More than 2500 active cases across the country, seven people died.

There is an increase in corona cases across the country. According to the Ministry of Health, the

IPL Closing Ceremany: The victory of Operation Sindoor will be celebrated in the IPL closing ceremony, and BCCI has made special preparations.

'Operation Sindoor' was launched on 7 May and its aim was to eliminate the hideouts of terrorists

Ranveer Singh: Ranveer Singh, who was included in the list of 'Wah Trend' after Deepika, video of the actor went viral

There is an event in the Bollywood industry on the day, in which the stars are involved with grea

Delhi Weather Update: A yellow alert was issued by the Meteorological Department, along with rain, wind will blow at a speed of 40 to 50 km per hour

There was heavy rain in many areas of the capital on Sunday night. After this, very light rain oc

'Who is coming, who is not coming...' Foreign Minister gave a big statement on Putin and Jinping not attending G20

India is ready to chair the G20 summit. Prominent politicians from all over the world are going t

GG vs MI: Gujarat qualifies for the playoffs with their first win against the Mumbai Indians; Harmanpreet Kaur's efforts go in vain.

Gujarat Giants qualified for the playoffs by defeating Mumbai Indians by 11 runs. Interestingly,

NZ vs SA: Kane Williamson made a world record in Test cricket, leaving behind legends like Steve Smith and Sachin Tendulkar.

Kane Williamson continues to perform brilliantly in Test cricket. Kane Williamson has created a w

Good Friday 2023: Good Friday today, know how this day is celebrated and what is its history

Good Friday 2023 Date in India: Today i.e. 07 April is Good Friday. Good Friday is a special fest

PM Modi: 'No place is safe for those who shed the blood of Indians', said PM Modi on 'Operation Sindoor'

Prime Minister Narendra Modi participated in the inaugural program of the centenary celebrations

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