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Signature Bank
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US Fed delivers small rate hike amid global banking turmoil
The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks.
Regulators close New York's Signature bank, say depositors will be made whole
State regulators closed New York-based Signature Bank (SBNY.O) on Sunday, just two days after California authorities shuttered Silicon Valley Bank (SIVB.O), in a collapse that roiled global markets and stranded billions of dollars of deposits.
