WASHINGTON (Reuters) – Treasury Secretary Janet Yellen said on Thursday the U.S. Federal Deposit Insurance Corporation’s (FDIC) estimation of a $2.5 billion loss related to Signature Bank was not a final determination.
New York-based Signature Bank closed earlier this month, days after the failure of Silicon Valley Bank, throwing the stock market into a turmoil and the banking system into a crisis.
(Reporting by Kanishka Singh in Washington; Editing by Chris Reese)