When Banks Go Bankrupt: What You Need to Know About the Recent Bank Failures

When Banks Go Bankrupt: What You Need to Know About the Recent Bank Failures

On Friday, March 10, Silicon Valley Bank collapsed. Two days later, the New York-based Signature Bank failed, too. In a joint statement Sunday, the U.S. Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC) announced that all deposits at