The Latest Breaking News from Signature Bank

The regional bank says it's adding new accounts and customers as investors fear risk of contagion after Silicon Valley Bank collapse.

The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.

An initial reaction turns out to be false.

“The arithmetic behind it was timeless," George Ball of Sanders Morris Harris told Fortune.

The Treasury Secretary said the administration is committed to protecting the U.S. banking system and customers who trust their money to it.

Washington (AFP) - The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' conference Tuesday, as leaders seek to calm global worries.

US treasury secretary hails government intervention to guarantee depositors’ money and says banking system is ‘sound’.

Washington (AFP) - The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' meeting Tuesday.

The recent collapse of Silicon Valley Bank (SVB) – the failure of the biggest US lender since the 2008 global financial crisis – has created waves across the global banking system. The subsequent collapse of another US institution, Signature Bank, the US$30 billion (£24.5 billion) lifeline given to First Republic…