5 Biggest Bankruptcies in American History

4. Signature Bank

Assets at time of bankruptcy (in millions): $110,364

Signature Bank was closed on March 12, 2023, just two days after the collapse of SVB, when customers withdrew over $10 billion from the bank due to uncertainties caused by the SVB collapse not to mention the crypto-friendly Silvergate Bank also currently being in the process of liquidation. The bank was also scrutinized by the U.S. Department of Justice for its failure to properly check signs of money-laundering in its clients’ activities.