{"id":84157,"date":"2023-03-14T00:15:33","date_gmt":"2023-03-14T04:15:33","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84157"},"modified":"2023-03-13T23:13:10","modified_gmt":"2023-03-14T03:13:10","slug":"why-regulators-seized-signature-bank-in-third-biggest-bank-failure-in-u-s-history","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2023\/why-regulators-seized-signature-bank-in-third-biggest-bank-failure-in-u-s-history.html","title":{"rendered":"Why regulators seized Signature Bank in third-biggest bank failure in U.S. history"},"content":{"rendered":"\n<p>(CNBC) On Friday, <a href=\"https:\/\/www.cnbc.com\/quotes\/SBNY\/\">Signature Bank<\/a> customers spooked by the <a href=\"https:\/\/www.cnbc.com\/2023\/03\/10\/silicon-valley-bank-collapse-how-it-happened.html\">sudden collapse<\/a> of Silicon Valley Bank withdrew more than $10 billion in deposits. That run on deposits quickly led to the third-largest <a rel=\"noreferrer noopener\" href=\"https:\/\/www.fdic.gov\/news\/press-releases\/2023\/pr23018.html\" target=\"_blank\">bank failure<\/a> in U.S. history. Regulators <a rel=\"noreferrer noopener\" href=\"https:\/\/www.fdic.gov\/news\/press-releases\/2023\/pr23017.html\" target=\"_blank\">announced<\/a> late Sunday that Signature was being taken over to protect its depositors and the stability of the U.S. financial system.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/03\/13\/signature-bank-third-biggest-bank-failure-in-us-history.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits. That run on deposits quickly led to the third-largest bank failure in U.S. history. Regulators announced late Sunday [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84157","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84157"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84157\/revisions"}],"predecessor-version":[{"id":84158,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84157\/revisions\/84158"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}