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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of First Republic Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of JPMorgan Chase Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a sign at the JPMorgan Chase & Co. headquarters in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People enter the JPMorgan Chase & Co. headquarters in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of JPMorgan Chase Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of JPMorgan Chase Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of JPMorgan Chase Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of JPMorgan Chase Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of JPMorgan Chase Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a sign at the JPMorgan Chase & Co. headquarters in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People enter the JPMorgan Chase & Co. headquarters in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- Photo taken on May 1, 2023 shows a branch of First Republic Bank in New York, the United States. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-FIRST REPUBLIC BANK-FDIC-JPMORGAN CHASE

(230501) -- NEW YORK, May 1, 2023 (Xinhua) -- People walk past a branch of First Republic Bank in New York, the United States, on May 1, 2023. U.S. top banking group JPMorgan Chase announced on Monday it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). (Photo by Michael Nagle/Xinhua)

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U.S. regulators close New York's Signature Bank following Silicon Valley Bank collapse

STORY: U.S. regulators close New York's Signature Bank following Silicon Valley Bank collapse DATELINE: March 14, 2023 LENGTH: 0:00:52 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of Signature Bank STORYLINE: New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception." This is according to a joint statement by the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC). The move came two days after California's Silicon Valley Bank (SVB) collapsed as depositors rushed to withdraw funds. Regulators promised that all depositors of Signature Bank "will be made whole," and "as with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer." The authorities also said "shareholders and certain unsecured debtholders will not be protected." Founded in 2001, Signature Bank is a New York state-chartered commercial bank. Xinhua News Agency c

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U.S.-NEW YORK-SIGNATURE BANK-CLOSURE

(230313) -- NEW YORK, March 13, 2023 (Xinhua) -- Photo taken on March 13, 2023 shows a Signature Bank branch in New York, the United States. New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement. (Xinhua/Zhang Mocheng)

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U.S.-NEW YORK-SIGNATURE BANK-CLOSURE

(230313) -- NEW YORK, March 13, 2023 (Xinhua) -- A security guard is seen inside a Signature Bank branch in New York, the United States, on March 13, 2023. New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement. (Xinhua/Zhang Mocheng)

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U.S.-NEW YORK-SIGNATURE BANK-CLOSURE

(230313) -- NEW YORK, March 13, 2023 (Xinhua) -- A pedestrian walks past a Signature Bank branch in New York, the United States, on March 13, 2023. New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement. (Xinhua/Zhang Mocheng)

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U.S.-NEW YORK-SIGNATURE BANK-CLOSURE

(230313) -- NEW YORK, March 13, 2023 (Xinhua) -- Customers wait inside a Signature Bank branch in New York, the United States, on March 13, 2023. New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-SIGNATURE BANK-CLOSURE

(230313) -- NEW YORK, March 13, 2023 (Xinhua) -- Customers wait inside a Signature Bank branch in New York, the United States, on March 13, 2023. New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-SIGNATURE BANK-CLOSURE

(230313) -- NEW YORK, March 13, 2023 (Xinhua) -- People are seen inside a Signature Bank branch in New York, the United States, on March 13, 2023. New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-SIGNATURE BANK-CLOSURE

(230313) -- NEW YORK, March 13, 2023 (Xinhua) -- People are seen inside a Signature Bank branch in New York, the United States, on March 13, 2023. New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-SIGNATURE BANK-CLOSURE

(230313) -- NEW YORK, March 13, 2023 (Xinhua) -- People walk past a Signature Bank branch in New York, the United States, on March 13, 2023. New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement. (Photo by Michael Nagle/Xinhua)

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U.S.-NEW YORK-SIGNATURE BANK-CLOSURE

(230313) -- NEW YORK, March 13, 2023 (Xinhua) -- Photo taken on March 13, 2023 shows a signage of Signature Bank in New York, the United States. New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement. (Photo by Michael Nagle/Xinhua)