Fed, NYDFS assess their supervisory performance after March’s big bank failures

by Aurelia Butler 28 April 2023, 23:20 129 Views

The banks closed within days of each other, with California regulators shuttering SVB on March 10 and the NYDFS moving against Signature Bank on March 12. Crypto-friendly Silvergate Bank had preceded them, announcing its voluntary liquidation on March 8 and setting off runs on the banks. The string of failures set off shockwaves serious enough that U.S. President Joe Biden felt the need to tweet a response.

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Source: Cryptocurrency - investing.com

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Fed, NYDFS assess their supervisory performance after March’s big bank failures

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