NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
The New York Department of Financial Services (DFS), which took control of Signature Bank on Sunday, made the announcement. The Federal Deposit Insurance Corporation, or FDIC, was designated as the bank’s receiver by the DFS. All Signature depositors will be made whole, according to a joint statement by the U.S. Federal Reserve, Treasury Department, and … Read more