Signature Bank in New York has been shut down by New York State Banking Regulators. It is one of at least twelve banks whose Thursday and Friday stock plunges made it clear the bank was in major trouble. Failed Silicon Valley Bank saw similar stock crashes before it, too, was seized by Banking Regulators, in what is now the second largest Bank Failure in U.S. History.
New York Banking Authorities confirm they have seized Signature Bank.
More info as it becomes available.
Several More banks expected to fail tonight and tomorrow . . . .
