“Why regulators seized Signature Bank in third-biggest bank failure in U.S. history”

“On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC.

That run on deposits quickly led to the third-largest bank failure in U.S. history. Regulators announced late Sunday that Signature was being taken over to protect its depositors and the stability of the U.S. financial system…”

https://www.cnbc.com/2023/03/13/signature-bank-third-biggest-bank-failure-in-us-history.html

In use these big banks. Use local smaller banks. They are more responsible with money. Let the big banks fail. Also No bailouts. Why should we pay for these banks mistakes.