U.S. FDIC tells Signature Bank's crypto clients to close accounts by April 5

The deposits in question were not part of a rescue deal arranged with Flagstar Bank, a unit of New York Community Bancorp, earlier this month. "Flagstar's bid did not include about $4 billion in deposits related to Signature's digital-asset business," an FDIC spokesperson said.

• 2023-03-29
• Signature Bank Flagstar Bank Federal Deposit Insurance Corp New York Community Bancorp

Fewer Banks Are Taking Crypto. Those That Do Could Face More Risk.

Crypto firms are turning to a shorter and shorter list of depositories still willing to take their business. It could be a recipe for more failures.

• 2023-03-21
• Signature Bank Flagstar Bank bank regulators New York Community Bancorp digital banking NYCB

First Mover Americas: Bitcoin, as Safety Play, Climbs Past $28K

The latest price moves in bitcoin (BTC) and crypto markets in context for March 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

• 2023-03-20
• Signature Bank Silicon Valley Bank Flagstar Bank Federal Reserve New York Community Bancorp Signature Bridge Bitcoin digital banking

Signature Bank Non-Crypto Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC

The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., as of Monday.

• 2023-03-20
• Signature Bank New York Community Bancorp Flagstar Bank FDIC Bridge Bank Signature Bridge

Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns

$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System.

• 2023-03-11
• Silvergate Bank Silicon Valley Bank Federal Reserve System Circle USDC Flagstar Bank New York Community Bank Citizens Trust Bank Customers Bank Jump Trading