After Silicon Valley Bank, Signature Bank shuts down amid banking turmoil in US - Shahpur Turk CSC - Common Service Centre in Sonipat After Silicon Valley Bank, Signature Bank shuts down amid banking turmoil in US

15 March 2023

After Silicon Valley Bank, Signature Bank shuts down amid banking turmoil in US

After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'.

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