SVB: US steps in to protect deposits; Regulators close Signature Bank in NY

 Silicon Valley Bank Live Updates: U.S. Steps In to Protect All Deposits - The New York Times (nytimes.com)

Regulators also moved to contain damage, closing another bank and opening an emergency lending program. HSBC agreed to buy the lender’s British subsidiary. Markets in the U.S. are poised to rise on Monday. 

Signature Bank’s Collapse Fueled by Crypto Bets and Run on Deposits - The New York Times (nytimes.com)

Risky Bet on Crypto and a Run on Deposits Tank Signature Bank
Regulators said keeping open the 24-year-old institution, which held deposits from law firms and real estate companies, could threaten the financial system’s stability.