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The Latest Breaking News from Signature

Silicon Valley Bank collapse: What you need to know

Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe

The Independent UK

Silicon Valley Bank: global banking shares slide as fallout spreads

Stock markets fail to be reassured by Joe Biden’s intervention, as SVB failure is followed by Signature

The Guardian - UK

US regional banks remain under pressure as First Republic sinks

Turmoil continued to engulf shares in banks as investors rushed to reduce exposure to the banking industry after seeing equity stakes wiped out at Silicon Valley Bank and Signature Bank.

Tribune News Service

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Explained: How Silicon Valley Bank collapsed, and what’s next

Australian markets slid on Monday as the fallout from the collapse of California-based Silicon Valley Bank (SVB) reverberated globally.

The New Daily

France says no risk of contagion as governments handle SVB collapse fallout

The bankruptcies of US banks Silicon Valley Bank (SVB) and Signature do not pose a danger to French financial institutions, Finance Minister Bruno Le Maire said Monday as authorities in the US and UK took extraordinary steps to stop a potential banking crisis.

France 24

Silicon Valley Bank: FTSE 100 tumbles 2.5%; HSBC rescues SVB UK – as it happened

Silicon Valley Bank UK has been sold to HSBC, in a deal that protects depositors’ money, says Treasury and Bank of England after weekend talks

The Guardian - UK

Regulators to protect SVB, Signature depositors, but no bailout - Roll Call

Federal regulators said Sunday they would protect all Silicon Valley Bank depositors, including those above the deposit insurance limit.

Roll Call

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Backstopping SVB's fallout is the first unintended consequence of Fed's zero interest rate experiment

SVB's collapse has triggered a historic reframing of depression-era deposit insurance.

Fortune

US says all SVB deposits safe, creates new backstop for banks

U.S. authorities raced on Sunday to stem jitters about the health of the nation’s financial system, pledging to fully protect all depositors’ money following the collapse of Silicon Valley Bank while also giving any banks squeezed for cash easier terms on short-term loans.

Tribune News Service

Signature Bank closed by New York regulators in SVB’s wake

Signature Bank was closed by New York state financial regulators on Sunday as the fallout from last week’s implosion of SVB Financial Group’s Silicon Valley Bank spreads to other lenders.

Tribune News Service

Signature Bank takeover could leave crypto firms scrambling

The Treasury, Federal Reserve, and FDIC jointly announced that depositors would be made whole.

Fortune

Signature Bank shut by regulators, noting systemic risk

Like Silicon Valley Bank, the firm's depositors will be made whole, officials say.

Axios

Could Silicon Valley Bank contagion spread to the crypto industry?

The stunning failure of the tech behemoth comes on the heels of Silvergate Bank.

Fortune

Coinbase ends relationship with crypto bank Silvergate

After delaying its annual report, Silvergate’s share price opened more than 40% lower on Thursday.

Fortune

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Fortune

Binance suspends bank transfers of U.S. dollars

The world’s biggest crypto exchange says only 0.01% of customers will be affected.

Birmingham Post

Construction firm Beard completes £24.8m care home projects

The Swindon-based company has built the facilities for private healthcare firm Signature

Fortune

The banking industry is turning its back on crypto, adding insult to injury for the reeling sector

Signature is the latest crypto bank to pull back its services.

Daily Record

A trip to Loch Tay is one that will be lodged in your memory

Loch Tay Highland Lodges are the perfect bolthole to explore the scenery and activities Perthshire has to offer

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Fortune

A guide to banking with Alliant Credit Union

Alliant Credit Union offers industry leading interest rates as well as convenient mobile services.

The Guardian - UK

UK care home where workers abused resident may face criminal action

CQC ‘reviewing evidence’ after footage shows 88-year-old Ann King’s treatment at Reigate Grange

The Guardian - UK

Canadian owners of Signature care homes avoid UK taxes, researchers claim

Firm owning chain where workers at one of its 36 homes were fired over abuse reportedly shifts profits offshore

The Guardian - UK

‘Abuse, no other word for it’: a nurse analyses Reigate care home footage

Abuse of Ann King, an elderly resident, flies in face of every care work standard, expert says

The Guardian - UK

‘I will always hear her screams’: family tell of heartbreak over care home abuse

Reigate Grange promised a ‘cruise ship’ lifestyle. Instead, a family’s hidden camera recorded harrowing abuse

The Guardian - UK

Secret footage reveals abuse of woman with dementia at luxury UK care home

Exclusive: Family of Ann King, 88, hid camera in room at Reigate Grange in Surrey amid concerns about her welfare

Tom’s Guide

DirecTV Stream review: Lots of channels, but at what cost?

DirecTV Stream is a live TV streaming service with tons of channels. But its cost may be too high for what you get.

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