After Silicon Valley Bank, Signature Bank is the next victim of banking turmoil

After Silicon Valley Bank, Signature Bank is the next victim of banking turmoil.

In the third-largest failure in US banking history, New York-based Signature Bank was shut down by state regulators on Sunday.

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Two days after Silicon Valley Bank was shut down due to a collapse that left billions in deposits unclaimed.

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Signature had $110.36 billion in assets and $88.59 billion in deposits.

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