New York-based Signature Bank, with $110.36 billion in assets, has become the third largest bank failure in US history, following the recent collapse of Silicon Valley Bank, but depositors of both banks will be made whole and no losses will be borne by the taxpayer.
HSBC has agreed to acquire the UK arm of Silicon Valley Bank for a nominal fee of £1, following the collapse of the bank due to its specialization in lending to technology companies.
Shalanda Young, Biden’s director of the Office of Management and Budget, assured Americans that the banking system was “resilient” amid the collapse of the Silicon Valley Bank (SVP).
A new report from the Associated Press indicates that many American teens have become disillusioned with college and have opted to skip it in favor of going to trade school or working a job that does not require an undergraduate degree.
Texas officials strongly advise against taking a trip south of the border for spring break this year, urging Texans to avoid travel to Mexico for the popular travel period and beyond
Climate activists reacted with equal measures of anger and despair Sunday at the news oil giant Saudi Aramco achieved record profits totalling $161.1 billion last year.
A group of at least 1,000 migrants rushed the Paso Del Norte bridge linking Mexico to the U.S. in El Paso, Texas, on Sunday, to gain access into the United States.