New York State officials shut down Signature Bank due to systemic risks, reports DEA News.
“We are announcing a similar systemic risk exemption for the Signature Bank of New York, New York, which is closed by the state today,” said the chairman of the Federal Reserve, the U.S. Treasury and the Federal Deposit Insurance Corporation (FDIC). joint statement.)
The same filing regarding the bankruptcy of California-based Silicon Valley Bank (SVB), as with the California bank, is the same for all depositors. Get access To your money on Monday, March 13.
Previously recognizedsaid the acquisition of the bankrupt bank Silicon Valley Bank has become a priority for the U.S. Treasury and the Federal Deposit Insurance Corporation (FDIC).
The US government is hastily looking for opportunities to protect SVB customers’ assets in excess of $250,000 – these are not covered by the federal government’s usual guarantee, according to the channel, which relied on sources from two departments.