Signature Bank counts a variety of New York City landlords and small businesses as clients.
The bank courted a number of commercial customers in the New York City, Los Angeles and San Francisco areas — focusing heavily on landlords, law firms, accounting firms and medical professionals among others. Among the bank’s customers are a variety of small businesses across New York — including vendors at the Hunts Point Produce Market in the Bronx — according to state Department Financial Services Superintendent Adrienne Harris.
“Depositors and borrowers will automatically become customers of Signature Bridge Bank, N.A. and will continue to have uninterrupted customer service and access to their funds by ATM, debit cards, and writing checks in the same manner as before,”. “Signature Bank’s official checks will continue to clear. Loan customers should continue making loan payments as usual.”
All of that led to a rush of withdrawals at Signature that began Friday and, with the help of online banking, continued through the weekend, leading state regulators to step in, Harris said. “Regulators have to be thinking about how, in this transition, the tenants in those buildings aren’t negatively affected,” said Udell. “It’s hard to know what could go wrong, but there are regular working class people at the end of it.”
“Over the weekend, it was pretty existential,” Martin said. “In the short term, the Fed’s quick action is very good.”
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Regulators close New York's Signature Bank following Silicon Valley Bank collapseThe New York Department of Financial Services announced on Sunday that it has taken possession of Signature Bank and appointed the Federal Deposit Insurance Corporation (FDIC) as the bank's receiver.
続きを読む »
Regulators close New York's Signature Bank, citing systemic risk
続きを読む »
Breaking: Signature Bank closed by New York banking authoritiesSignature Bank has been closed, however. all depositors of both SVB and Signature Bank will be fully protected, according to the Federal Reserve.
続きを読む »
New York Department of Financial services takes possession of Signature BankThe move was made to protect depositors, Superintendent Adrienne Harris announced on Sunday.
続きを読む »
New York Department of Financial Services takes possession of Signature BankBREAKING: The New York Department of Financial Services has taken possession of Signature Bank.
続きを読む »
New York’s Signature Bank taken over by state government, FDIC to protect depositors’ assets | amNewYorkSignature Bank, which held nearly $200 billion in assets and deposits as of the conclusion of 2022, has been taken over by the New York State Department of Financial Services (DFS) in a moved designed to protect depositors.
続きを読む »