Signature Bank of New York was closed by regulators, following a similar shutdown last week of… Answered
Signature Bank of New York was closed by regulators, following a similar shutdown last week of…
The options that are given for this Bing homepage quiz are listed below:
A: Wells Fargo
B: Silicon Valley Bank
C: Citibank
The correct answer is Silicon Valley Bank.
See The Reason for That answer below:
In order to prevent a potential banking crisis, regulators in New York state have shut down Signature Bank, a major lender in the cryptocurrency industry. The Federal Reserve, Treasury Department, and Federal Deposit Insurance Corp. have jointly announced that depositors at Signature Bank will have full access to their deposits, similar to the resolution of the recent Silicon Valley Bank failure.
This action was taken after Silicon Valley Bank, the largest U.S. banking failure since the 2008 financial crisis, was closed on Friday and its deposits seized. Signature Bank is the second-largest bank in the cryptocurrency industry, with $110.4 billion in total assets and $88.6 billion in total deposits as of December 31.
To prevent further damage and a potential crisis, the Fed and Treasury have established an emergency program to backstop all deposits at both Signature Bank and Silicon Valley Bank using the Fed’s emergency lending authority. While depositors will have access to their funds, equity and bondholders at both banks will suffer losses. This move comes just days after Silvergate, the largest bank in the cryptocurrency industry, announced its impending liquidation.
Below is a list of all Bing quizzes for today
- According to the American Kennel Club, which dog is now America’s top breed? Answered
- Trash is piling up in which world capital because its garbage collectors have joined in a strike? – answered
- The K-pop band MAVE: has 20 million YouTube views. What’s unusual about the band? answered
- Signature Bank of New York was closed by regulators, following a similar shutdown last week of… Answered
- British rock guitarist Brian May was just knighted by King Charles. Which band was he in? Answered
- A US surveillance drone was involved in an incident with a Russian fighter jet over… Answered
- Changi Airport reclaimed its title as the world’s best for 2023. Where is it located? Answered
- Nike says it will no longer use what material when manufacturing its shoes? Answered
- A 5,000-mile blob of what has been spotted in ocean waters off the coast of Florida? Answered
- Which team received the largest fine in NASCAR history over alleged rules violations during a recent race? Answered
Today’s Microsoft Bing quiz has 10-point rewards for the ten (10) questions of today if you select the correct answers for all the options. so make sure you use the information I provided here to your maximum benefit and pick only the right answers for today’s Bing quiz. Rewards can be used to purchase things from selected stores such as Amazon, Walmart, etc. when claimed as gift cards.
