Signature Bank

The Latest

  • FDIC Reportedly Pursuing Sale of Silicon Valley Bank, Signature Bank Securities Portfolios
    Banking
    Sources familiar with the matter claim that the FDIC is seeking advisors to sell the securities portfolios of failed Silicon Valley Bank and Signature Bank, which their new owners declined to take on. The portfolios consist of low-yielding assets, such as Treasuries and U.S. government agency-backed securities, which the two regional banks accumulated when interest rates were near zero.
  • Signature Bank Involved In Money Laundering Accusations Before Closure: Report
    Justice Department
    It's unclear when the investigations began and what effect, if any, they had on the recent decision by New York state regulators to close the bank
  • Silver Valley Bank Depositors Will Get Full Access To Funds, U.S. Regulators Assure
    U.S. Department of the Treasury
    The Federal Reserve stepped in with a separate facility that will provide loans up to one year for institutions affected by the sudden collapse