The signatory bank is located in new york, USA.

According to Reuters, US Treasury Secretary Yellen, Federal Reserve Chairman Bauer and Chairman of the Federal Deposit Insurance Corporation (FDIC) Martin Gruenberg issued a joint statement on the evening of March 12, 2023, saying that the regulators had closed the signatory banks on March 12, 2023, and taxpayers would not bear any losses. Depositors can withdraw their deposits from March 3, 2023 13, but the signing shareholders and unsecured creditors will not be protected, and the bank management has been removed.

Bank profile:

Banks are legally established financial institutions engaged in monetary and credit business, and are the product of the development of commodity monetary economy to a certain stage.

Banks are one of the financial institutions. Banks are divided into central banks, policy banks, commercial banks, investment banks and the World Bank, with different responsibilities.

Investment banks: including Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Societe Generale, etc. Responsibilities: Non-bank financial institutions engaged in securities issuance, underwriting, trading, enterprise restructuring, mergers and acquisitions, investment analysis, venture capital, project financing, etc.

World Bank: It is used to help countries overcome poverty. Various institutions play a unique role in alleviating poverty and improving living standards.