Enhance Online Signature Licitness for Financial Services in United States

How to eSign a document: online signature licitness for Financial Services in United States

>>> HSBC BUYS PART OF SILICON VALLEY BANK AFTER IT COLLAPSED. SIGNATURE BANK, WHICH IS BASED HERE IN NEW YORK, ALSO COLLAPSED AND IS IN THE HANDS OF THE FDIC. PRESIDENT BIDEN WILL SPEAK ABOUT BOTH COLLAPSES TODAY. EYEWITNESS NEWS REPORTER, JANICE YU IS LIVE OUTSIDE OF A SIGNATURE BANK LOCATION IN MIDTOWN WITH MORE. JANICE, GOOD MORNING. >> Reporter: GOOD MORNING, SHIRLEEN. THERE IS SOME GOOD NEWS IN ALL OF THIS. CUSTOMERS OF BOTH BANKS WILL BE ALLOWED TO ACCESS THEIR MONEY AND THE GOVERNMENT SAYS, THOUGH, THEY ARE ADDMENT THIS IS NOT A GOVERNMENT BAILOUT. NOW, THE TWO FAILED BANKS HAVE NOT BEEN RESCUED AND NO TAXPAYER MONEY HAS BEEN PROVIDED TO THE BANKS. LET'S WALK THROUGH HOW ALL OF THIS HAPPENED. THE NEW YORK STATE REGULATORS SHUT DOWN SIGNATURE BANK, TAKING OVER ITS $110 BILLION IN ASSETS AND MORE THAN $88 BILLION IN DEPOSITS. SIGNATURE BANK IS A BIG CRYPTOCURRENCY LENDER BASED HERE IN NEW YORK AND IT IS NOW THE THIRD LARGEST BANK IN HISTORY TO FALL TO FINANCIAL FAILURE. LESS THAN 48 HOURS BEFORE THIS, CALIFORNIA BASED SILICON VALLEY BANK FAILED. AND JUST THIS MORNING, WE'RE LEARNING HSBC WILL BE BUYING THE BRITISH ARM OF SILICON VALLEY BANK FOR JUST OVER $1. HBAUTHORITIES ARE WORKING TO CONTAIN THIS CRISIS AND KEEP OTHER BANKS FROM FACING A SIMILAR FATE. >> WE WANT TO MAKE SURE THAT THE TROUBLES THAT EXIST AT ONE BANK DON'T CREATE CONTAGEN TO OTHERS THAT ARE SOUND AND SUPERVISION AND REGULATION IS TO MAKE SURE THAT CONTAGEN CAN'T OCCUR. >> LAST TIME THE FEDERAL GOVERNMENT INTERVENED THIS