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.
On one hand, while the Indian senior men's cricket team is playing a five-match Test series again
The counting of votes for the Lok Sabha elections is underway. It will become clear who will rule
Sunny Deol and Ameesha Patel's film 'Gadar 2' is progressing at a stormy pace at the box office.
A new revelation has been made in the case of the murder of a level female tennis player, Radhika
Leader Shama Mohammed, who called Indian cricket team captain Rohit Sharma fat, has now made a st
Prime Minister Narendra Modi is on a visit to Gujarat. On the occasion of World Wildlife Day on M
Prime Minister Narendra Modi stayed in Kanyakumari, Tamil Nadu on a spiritual journey after the p
A video of content creator Abhinav Arora went viral on social media, and Jagadguru Swami Rambhadr
Ranveer Allahbadia is a big name in the world of YouTube. He is also known as BeerBiceps. Ranveer
Saiyaara actor Ahaan Pandey broke Karan Johar's heart, shared a post, and said- 'Tears are flowing'
Mohit Suri directed film Saiyaara is making waves these days. Neither Anupam Kher's film The Tanv
