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Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, Silvergate
linkweb3
2023-03-13
3537
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Summary：State authorities closed Signature Bank (SBNY) Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis, according to a joint statement by the Department of the Treasury, Federal Reserve, and FDIC. All depositors of Signature bank will be made whole, according to the statement. New York-based Signature Bank has been popular among crypto companies, especially after crypto-friendly Silvergate Bank (SI) said Wednesday
State authorities closed Signature Bank (SBNY) Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis, according to a joint statement by the Department of the Treasury, Federal Reserve, and FDIC. All depositors of Signature bank will be made whole, according to the statement. New York-based Signature Bank has been popular among crypto companies, especially after crypto-friendly Silvergate Bank (SI) said Wednesday it would close its operations.
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