#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
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 <a href="https://t.co/8HZ1aAh7Tbhttps://t.co/8HZ1aAh7Tb>… <a href="https://t.co/M11k44waMthttps://t.co/M11k44waMt> pic.twitter.com/sMbcPZ2X7N— Upward News (@UpwardNewsHQ) March 12, 2023
Signature Bank in New York closed by regulators.
This is the 2nd U.S. bank failure in days.
Source and discussions:
Bank Runs Starting at First Republic Branches in Los Angeles!!!
I’ve never seen a bank run in Brentwood Los Angeles in over 40 years — this is at first republic bank branch. People standing in rain pic.twitter.com/k31PqqpyO3— pjb.eth (@Dr_PhillipB) March 11, 2023
This is from the UK:
2 thoughts on “More Banks Shut Down, the Domino Effect Continues ~ March 14, 2023”
let them all fail. Dont bail out bankersalexius1@ with my money.
I agree, it’s closer than ever! 😊🌹🎉