New York-based Signature Bank is the most recent failure to make headlines in a string of collapses. This news came on the heels of Silicon Valley Bank’s (SVB) downfall which happened just two days prior and marked the second-largest collapse in U.S. history, behind the 2008 failure of Washington Mutual.
With more than $110 billion in assets, Signature Bank is the third-largest bank failure in U.S. history.
