Following the bankruptcy of Silicon Vally Bank (SVB) and commercial Signature Bank, customers of American credit institutions withdrew $98.4 billion from their accounts in the week leading up to March 15. reported on the CNBC website.
This issue was discussed at a closed meeting of the Financial Stability Oversight Board, attended by Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell. Also during the discussion, the participants concluded that the national banking system is in a stable state.
“The Board discussed current conditions in the banking sector and noted that while some institutions are under stress, the U.S. banking system remains healthy and resilient,” said a statement released after the meeting.
Press service of the Federal Deposit Insurance Corporation (FDIC) in the first half of March reported About the destruction of the American investment Silicon Valley Bank (SVB), which ranks 16th in terms of assets in the United States. SVB has become the largest US bank to go bankrupt in the past 15 years.
New York state officials last week closed Signature Bank due to systemic risks. Press service of the US Federal Deposit Insurance Corporation this week reportedNew York Community Bank will receive most of Signature Bank’s assets.