🚨#BREAKING: Signature Bank, has been closed by State authorities.
— R A W S A L E R T S (@rawsalerts) March 12, 2023
Regulators closed New York’s Signature Bank, citing systemic risk.
Signature is one of the main banks to the cryptocurrency industry. As of Dec. 31, Signature had $110.4 billion in total assets and $88.6 billion in total deposits, according to a t.co/8HZ1aAh7Tb… pic.twitter.com/sMbcPZ2X7N
— Upward News (@UpwardNewsHQ) March 12, 2023
#BREAKING: Signature Bank has been closed by state authority according to Joint Statement by Treasury, Federal Reserve, and FDIC. #BreakingNews pic.twitter.com/Ll1QPAkJye
— Breaking 4 News (@Breaking_4_News) March 12, 2023
BREAKING: Signature Bank in New York closed by regulators, 2nd U.S. bank failure in days
— BNO News Live (@BNODesk) March 12, 2023
🚨#UPDATE: Regulators have closed New York’s Signature Bank citing systemic Risk.
— R A W S A L E R T S (@rawsalerts) March 12, 2023
#BREAKING: “We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses…
— Breaking 4 News (@Breaking_4_News) March 12, 2023
“We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority,” Treasury, Federal Reserve, and FDIC said in a joint statement Sunday evening.
The banking regulators said depositors at Signature Bank will have full access to their deposits, a similar move to ensure depositors at the failed Silicon Valley Bank will get their money back.
Regulators close New York's Signature Bank, citing systemic risk t.co/92UzGwyThf
— CNBC (@CNBC) March 12, 2023
MORE – New York Department of Financial Services (DFS) has taken possession of Signature Bank in order to protect depositors.t.co/mljrQewQMC
— Disclose.tv (@disclosetv) March 12, 2023
BREAKING NEWS: Regulators have just closed New York’s Signature Bank, citing systemic risk! Read more below:t.co/7BXYqCtnBx pic.twitter.com/93ALUAWgZQ
— End Time Headlines (@EndTimeHeadline) March 12, 2023
h/t KingChaos777