New York closes Signature Bank over systemic risk, and US regulators debut a plan like the one for SVB, where all of Signature’s depositors will be “made whole” (CNBC)

CNBC:
New York closes Signature Bank over systemic risk, and US regulators debut a plan like the one for SVB, where all of Signature’s depositors will be “made whole”  —  U.S. regulators said Sunday it shut down New York-based Signature Bank, a second financial institution they shuttered after Silicon Valley Bank’s collapse.

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