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Banks in Turmoil

Federal bank regulators are getting most of the attention, but states oversee banks too

by Justin Ho

Mar 14, 2023

The feds didn’t take possession of Silicon Valley Bank and Signature Bank. That was up to state regulators in California and New York.

Signature Bank and Silicon Valley Bank were state chartered, which is why state regulators stepped in first.

Spencer Platt/Getty Images

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