US closes Signature Bank due to systemic risks
[ad_1]
New York state regulator closed local bank Signature Bank due to systemic risks. This is stated in statement Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Grunberg. Bank depositors should get access to their accounts today, March 13.
10th of March was recognized bankrupt Silicon Valley Bank (SVB), the 16th largest bank in the United States, which was focused on startups. The bank became the second largest bankrupt in US history after Washington Mutual Bank. From US authorities demanded to intervene to save the bank’s customers’ funds and take emergency measures to contain the crisis caused by the collapse of SVB. His builders also will provide access to funds today.
Details – in the publication “Kommersant” “How to become bankrupt in three days”.
[ad_2]
Source link
