Wednesday, April 17, 2024

HomeFinanceSignature Bank taken over by New York Department of Financial Services (NASDAQ:SBNY)

Signature Bank taken over by New York Department of Financial Services (NASDAQ:SBNY)

bank run

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New York state’s Department of Financial Services has taken possession of Signature Bank (NASDAQ:SBNY) to protect depositors, Superintendent Adrienne A. Harris said Sunday. All depositors of the institution will be made whole, federal banking regulators said.

The Federal


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