Bank Crisis Widens As Signature Topples, Funding Props First Republic

Bank Crisis Widens As Signature Topples, Funding Props First Republic

Business
March 13, 2023 by secret
96
[ad_1] The U.S. bank crisis deepened Monday as the financial industry continued to reel from last week’s closing of vital venture capital lender Silicon Valley Bank and its parent SVB Financial (SIVB) Friday — marking the second-largest bank collapse in U.S. history. On Sunday, regulators shuttered cryptocurrency-focused Signature Bank (SBNY) and moved the assets to