{"id":45976,"date":"2023-04-30T04:12:34","date_gmt":"2023-04-30T04:12:34","guid":{"rendered":"https:\/\/lydian.io\/?p=45976"},"modified":"2023-04-30T04:12:35","modified_gmt":"2023-04-30T04:12:35","slug":"the-fdic-attributes-the-failure-of-signature-bank-to-poor-governance-and-illiquidity","status":"publish","type":"post","link":"https:\/\/lydian.io\/the-fdic-attributes-the-failure-of-signature-bank-to-poor-governance-and-illiquidity\/","title":{"rendered":"The FDIC attributes the failure of Signature Bank to poor governance and illiquidity","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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The USA Federal Deposit Insurance coverage Corp (FDIC) autopsy evaluation of Signature Financial institution of New York (SBNY) discovered that poor administration and insufficient danger administration practices had been the foundation explanation for its collapse.<\/p>\n
Signature Financial institution was shut down by federal authorities on March 12 to guard the US financial system and increase public confidence within the banking system. FDIC was employed to deal with the insurance coverage course of. <\/p>\n
@federalreserve<\/a> @US Department of Treasury<\/a> @FDICgov<\/a> Situation a press release on measures to guard the US financial system by rising public confidence in our banking system to make sure depositors' financial savings stay secure: https:\/\/t.co\/YISeTdFPro<\/a><\/p>\n \u2014 Federal Reserve (@federalreserve) March 12, 2023<\/a><\/p>\n