Jordan banks had no funds in US Silicon Valley and Signature Banks ­— CBJ

US Silicon Valley
(Photo: Twitter)
AMMAN — The Central Bank of Jordan (CBJ) said that the Jordanian banking sector has not faced any negative repercussions due to the financial conditions of the US Silicon Valley and Signature Banks, the Jordan News Agency, Petra, reported.اضافة اعلان

In a statement on Thursday, the CBJ said that it has been closely following up on the situation with Silicon Valley and Signature Banks, as well as banks operating in the Kingdom. The data gathered has shown that Jordanian banks did not have any deposits or investments, or conduct any financial transactions, at the two US banks.

Silicon Valley Bank collapsed on March 10, and the New York-based Signature Bank was closed by US federal regulators shortly after, on March 12.

The US Federal Reserve, Treasury, and Federal Deposit Insurance Corp. announced on Sunday that they would make sure that all depositors in the two failed banks were repaid in full. 

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