U.S. regulators are racing against the clock to stop a potential contagion from spreading to other lenders.
A Signature Bank representative declined to comment.
Silicon Valley Bank abruptly became the biggest U.S. lender to fail in more than a decade on Friday, unraveling in less than 48 hours after outlining a plan to shore up capital. The bank took a huge loss on sales of its securities amid rising interest rates, spooking investors and depositors who rapidly began pulling their money. On Thursday alone, investors and depositors tried to yank about $42 billion.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Breaking: Crypto-friendly Signature Bank closed by New York authoritiesNew York authorities have shut down Signature Bank, which closed in the red on Friday Silicon Valley Bank customers will get back their deposits in whole, with withdrawals opening on Monday While the crypto-market is still grappling with the collapse of the crypto-centric bank – Silvergate Bank, another bank has had its shop closed. In […]
Lire la suite »
Signature Bank closed by New York regulators in fallout from implosion of SVBU.S. regulators are racing against the clock to stop a potential contagion from spreading to other lenders.
Lire la suite »
Signature Bank closed by New York regulators in fallout from implosion of SVBU.S. regulators are racing against the clock to stop a potential contagion from spreading to other lenders.
Lire la suite »
Regulators close Signature bank, say depositors will be made wholeState regulators closed New York\u002Dbased Signature Bank on Sunday, days after California authorities shuttered Silicon Valley Bank
Lire la suite »
U.K. finance minister and Bank of England work to contain Silicon Valley Bank falloutMinistry of finance says that the issues affecting Silicon Valley Bank were specific to it and did not have implications for other banks operating in Britain
Lire la suite »
Health Ministry says 160 new doctors have been added thanks to new payment modelMore than half of B.C.\u0027s full\u002Dtime family physicians have switched to the new fee structure.
Lire la suite »