By Hannah Lang and Nupur Anand (Reuters) -State regulators closed New York-based Signature Bank on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silic[...]
Read more
March 13, 2023
SVB collapse puts Fed’s faith in a strong, low-risk financial system to the test
By Howard Schneider WASHINGTON (Reuters) -Earlier this month the U.S. Federal Reserve in a report to Congress gave what has become a standard reassurance: Banks were strong and the overall financial s[...]
Read more
U.S. Treasury says Silicon Valley Bank, Signature Bank ‘not being bailed out’
WASHINGTON (Reuters) – New policies adopted on Sunday by U.S. banking regulators will “wipe out” equity and bondholders in Silicon Valley Bank and Signature Bank of New York while pr[...]
Read more
Regulator takes control of Silicon Valley Bank’s Canadian branch
By Akriti Sharma and Nia Williams (Reuters) -A Canadian banking regulator on Sunday said it was taking temporary control of Silicon Valley Bank’s unit in the country, as the fallout from the col[...]
Read more