• About
  • Advertise
  • Privacy & Policy
  • Contact
Swentoday
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Business
    • Politics
    • Science
    • World

    Hillary Clinton in white pantsuit for Trump inauguration

    Amazon has 143 billion reasons to keep adding more perks to Prime

    Shooting More than 40 Years of New York’s Halloween Parade

    These Are the 5 Big Tech Stories to Watch in 2017

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    These Are the 5 Big Tech Stories to Watch in 2017

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    “Historical Verdict”: Tamil Nadu Law Minister On SC ‘Jallikattu’ Order

    Ali Fazal Shares Intriguing First Look From His Hollywood Film ‘Kandahar’

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel

    Shooting More than 40 Years of New York’s Halloween Parade

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    How couples can solve lighting disagreements for good

    Ducati launch: Lorenzo and Dovizioso’s Desmosedici

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    Intel Core i7-7700K ‘Kaby Lake’ review

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Business
    • Politics
    • Science
    • World

    Hillary Clinton in white pantsuit for Trump inauguration

    Amazon has 143 billion reasons to keep adding more perks to Prime

    Shooting More than 40 Years of New York’s Halloween Parade

    These Are the 5 Big Tech Stories to Watch in 2017

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    These Are the 5 Big Tech Stories to Watch in 2017

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    “Historical Verdict”: Tamil Nadu Law Minister On SC ‘Jallikattu’ Order

    Ali Fazal Shares Intriguing First Look From His Hollywood Film ‘Kandahar’

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel

    Shooting More than 40 Years of New York’s Halloween Parade

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    How couples can solve lighting disagreements for good

    Ducati launch: Lorenzo and Dovizioso’s Desmosedici

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    Intel Core i7-7700K ‘Kaby Lake’ review

No Result
View All Result
Swentoday
No Result
View All Result
Home News Business

New York’s Signature Bank Collapses, Becomes 2nd US Bank To Be Shut Down

ANBNEWS by ANBNEWS
March 13, 2023
in Business, Top
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Washington [US]: New York-based Signature Bank was shut by regulators in the US, becoming the second bank in the country after Silicon Valley Bank (SIVB.O) to have collapsed within a span of less than a week.

The Federal Deposit Insurance Corporation (FDIC) has been appointed as a receiver, which typically means it will liquidate the bank’s assets to pay back its customers, including depositors, and others. One of the most prominent lenders in the world of technology startups, the Silicon Valley Bank, which was struggling, collapsed on Friday, forcing the US federal government to step in. The crisis-hit bank’s shares tumbled over 60 per cent, data showed.

To protect depositors, the FDIC transferred all the deposits and substantially all of the assets of Signature Bank to Signature Bridge Bank, N.A., a full-service bank that will be operated by the FDIC as it markets the institution to potential bidders, FDIC said in a statement.

A bridge bank is typically a chartered national bank that operates under a board appointed by the FDIC. It assumes the deposits and certain other liabilities and purchases certain assets of a failed bank.

Signature Bank had 40 branches across the country — New York, California, Connecticut, North Carolina, and Nevada.
Banking activities will resume Monday, March 13, 2023, including online banking, FDIC said.

“Depositors and borrowers will automatically become customers of Signature Bridge Bank, N.A. and will continue to have uninterrupted customer service and access to their funds by ATM, debit cards, and writing checks in the same manner as before. Signature Bank’s official checks will continue to clear.”

The FDIC also said loan customers should continue making loan payments as usual.
Signature Bank had total assets of USD 110.4 billion and total deposits of USD 82.6 billion as of December 31, 2022.

“As receiver, the FDIC will operate Signature Bridge Bank, N.A. to maximize the value of the institution for a future sale and to maintain banking services in the communities formerly served by Signature Bank.”

Meanwhile, US president Joe Biden said in a statement on Sunday (local time) said, “I am firmly committed to holding those responsible for this mess fully accountable and to continuing our efforts to strengthen oversight and regulation of larger banks so that we are not in this position again, US president Joe Biden said in a statement on Sunday (local time).

Biden added that he will deliver remarks on “how we will maintain a resilient banking system to protect our historic economic recovery,” according to a statement by the White House.

Tags: Signature Bank
Previous Post

India Qualifies For WTC Final, To Take On Australia At Oval

Next Post

Mikes Switched Off In Parliament Whenever We Raise Adani Issue, Says Kharge

ANBNEWS

ANBNEWS

Next Post

Mikes Switched Off In Parliament Whenever We Raise Adani Issue, Says Kharge

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

UP Polls: Jaunpur’s Madhopatti boasts of producing 51 civil servants

March 7, 2022

The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

May 30, 2023

Shooting More than 40 Years of New York’s Halloween Parade

May 23, 2023

SC Stays West Bengal Govt Ban On ‘The Kerala Story’, Asks Makers To Add Disclaimer

May 18, 2023

Ukraine latest-Ukraine requests urgent military assistance; Russia warns west on no fly zone

2

Rs. 18,000 Cr. returned to banks from Mallaya, Nirav & Choksi-Center

1

130 Russian buses ready to evacuate Indian students

1

The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

0

The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

May 30, 2023

Shadow Tactics: Blades of the Shogun Review

May 29, 2023

macOS Sierra review: Mac users get a modest update this year

May 28, 2023

Hands on: Samsung Galaxy A5 2017 review

May 27, 2023

Recent News

The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

Shadow Tactics: Blades of the Shogun Review

macOS Sierra review: Mac users get a modest update this year

Hands on: Samsung Galaxy A5 2017 review

Swentoday

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Apps
  • Business
  • Crime
  • Education
  • Entertainment
  • Fashion
  • Festival
  • Food
  • Gadget
  • Gaming
  • Health
  • IPL
  • IPL 2022
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • Nation
  • National News
  • News
  • Political News
  • Politics
  • Positive Story
  • Recipe
  • Review
  • Science
  • Spirit Of Victory
  • Spiritual
  • Sports
  • Startup
  • State
  • Tech
  • Top
  • Travel
  • Uncategorized
  • World

Recent News

The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

May 30, 2023

Shadow Tactics: Blades of the Shogun Review

May 29, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.