NYS Bar Association to hold emergency webinar on shutdown of Signature Bank
CITYWIDE — The New York State Bar Association (NYSBA) is set to hold a webinar on Tuesday entitled, “Government Closures of Silicon Valley Bank and Signature Bank: What Lawyers Need to Know,” that will focus on the government shutdown of Signature Bank and the failure of Silicon Valley Bank.
These recent events have caused concern among clients, with many worried about the safety of their deposits.
The shutdown of Signature Bank and the collapse of Silicon Valley Bank have been described as the largest bank failure since the global financial crisis a decade ago. During the webinar, speakers will dispel common myths surrounding these events and elaborate on the federal government’s actions that resulted in paying depositors in full beyond the federally insured $250,000 ceiling.