Signature Bank in New York closed by regulators

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“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.

https://www.msn.com/en-us/money/companies/regulators-close-new-yorks-signature-bank-citing-systemic-risk/ar-AA18xjAW



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