If one counts Silvergate, then this is the third financial institution to fail in one week.
2 thoughts on “USA: FDIC intervenes and takes over 2nd Bank, Signature Bank of New York”
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ANOTHER BANK IS SHUT: U.S. regulators on Sunday shut down New York-based Signature Bank in a bid to prevent the spreading banking crisis. pic.twitter.com/buxbY9yL4d
— Breaking911 (@Breaking911) March 12, 2023
If one counts Silvergate, then this is the third financial institution to fail in one week.
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Does this mean many in US will be bankrupt before this Easter?
It is terrible not to withdraw money.
No.