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New York Department of Financial services takes possession of Signature Bank

March 18, 2023
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The feds shut down New York-based Signature Financial institution to guard buyers following the collapse of the Silicon Valley Financial institution. Lucy Yang has the main points.

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Tags: Bankbreaking news todaybreaking news ukbreaking news usa todayDepartmentFinancialfinancial newsfinancial news todaylatest news todayNewspolitical newspolitical news todaypossessionservicesSignaturesports newsTakesYork
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Comments 26

  1. John Adams says:
    2 weeks ago

    Containment. Containment is the goal. The FED appears to be willing to back up all customer deposits in order to prevent more bank runs.

    Reply
  2. Free Ma says:
    2 weeks ago

    is crypto behind this mess?

    Reply
  3. Tisha Jennings says:
    2 weeks ago

    They just got bailout so the rich don't have to worry about it

    Reply
  4. Indera B says:
    2 weeks ago

    ANYTHING WOKE AND CRYPTO SCAM MUST BE AVOIDED

    Reply
  5. MULLAPUDI RAO says:
    2 weeks ago

    Signature Bank's signature mismatched, goes down after silicon valley bank.

    Crypto-focused banks that failed this month for their cryptic business practices.

    – Silvergate Bank
    – Silicon Valley Bank
    – Signature Bank

    These banks spend millions on branding by purchasing awards, rewards and rankings.

    The psalm to be written and dedicated to the Western world is "If you rear snakes at your back yard thinking they bite Indian markets and India with venom of fraudulent reports like Hindenburg, one day the fake narrative will only splash on your face with a billion Indians laughing 😂.

    Dear American friends, appreciate you understand the feelings and sentiments of others.

    Reply
  6. Anne* 411 says:
    2 weeks ago

    A crypto bank?? Hmmmm

    Reply
  7. John Tan says:
    2 weeks ago

    The US 🇺🇸 is following the CCP 🇨🇳 foot steps. The Banks runs with the people's money.💰 daylight Banks Robbers. This Country is out of order. Americans dream are over. Americans nightmare are now here.

    Reply
  8. elisa haynes says:
    2 weeks ago

    I think the media is trying to stir panic. Just like the beginning of covid. Now they are pushing bank runs..Wonder what they are trying to turn our attention away from this time.

    Reply
  9. BW says:
    2 weeks ago

    This is a federal attack against tech and crypto industry.

    Reply
  10. BlimpCityFeeder says:
    2 weeks ago

    Mayor Adams hinted to cuts at City Agencies $ services to account for non-citizen asylum seekers. How much of a deeper cut to protect the tech startups on top of that??

    Reply
  11. Nick ______ says:
    2 weeks ago

    Man those dems just don’t do the economy well.

    Reply
  12. arcticmars1 says:
    2 weeks ago

    Mmm. Seems like dejavu. It was just a short time ago the banks were in line under Obama. Keep voting for those democrats. You still own sruff and they want it.

    Reply
  13. fudgeknuckle says:
    2 weeks ago

    Dont forget to mention Barnie Frank (of dodd-frank lols) was a director here. Corrupt to the core.

    Reply
  14. o leonard says:
    2 weeks ago

    Bank's cant be trusted they need to put back the regulation the was removed on regional banks in 2018

    Reply
  15. jabber wolf says:
    2 weeks ago

    BIDEN'S AMERICA .. I'm beyond blaming Biden, I blame the idiots that had Trump derangement , didn't want stability, successful economy, laws applied, and voted for this instead. Makes no mistake, YOU CHOSE THIS !

    Reply
  16. thunder bolt says:
    2 weeks ago

    Biden did that. Vote senile Biden and his useless vice president out of office. Put Yellen in a nursing home.

    Reply
  17. Future Now says:
    2 weeks ago

    Another one. That's crazy

    Reply
  18. Mo Aziz says:
    2 weeks ago

    Uh oh…

    Reply
  19. ROBERT YOUNG says:
    2 weeks ago

    This is by design…..the government working to only have 3 large banks..which they will have a hand in…no more private banks

    Reply
  20. Suburbia says:
    2 weeks ago

    A nother one bites the dust 😣

    Reply
  21. Joe york says:
    2 weeks ago

    Thank you trump for giving a tax break to the crooks that still are going bankrupt

    Reply
  22. Edward Pi says:
    2 weeks ago

    Congratulations to the Federal Reserve!

    Reply
  23. Tenzack YOGI says:
    2 weeks ago

    Is it related to FTX mess?

    Reply
  24. Ron Wade says:
    2 weeks ago

    Deregulated by tRump

    Reply
  25. mq85 Mq85 says:
    2 weeks ago

    Two words. Small Hats.

    Israel’s two largest banks, Bank Leumi and Bank Hapoalim, set up a situation room that has been operating around the clock to help firms transfer their money from SVB — before it was seized — to accounts in Israel. Over the past few days, teams at LeumiTech, the high-tech banking arm of Bank Leumi, have been able to help their Israeli clients transfer about $1 billion to Israel, the bank said.

    Reply
  26. Jay Richest says:
    2 weeks ago

    Anybody have any idea what happens to the SBNY stock, when this type of situation occurs?

    Reply

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