FDIC Gives Deadline Next Week for Crypto Depositors Stranded by Signature Failure

The Federal Deposit Insurance Corp. (FDIC) is trying to hurry the stranded crypto customers out the door of the temporary entity that holds the assets of the former Signature Bank, asking them to cash out by next week – whether they have a new bank or not.

• 2023-03-29
• Signature Bank FDIC New York Community Bancorp The Federal Deposit Insurance Corp.

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

Signature's Seized Assets Sold Without Crypto — Here's Why It Matters

Days after the FDIC announced — and then denied — that it was requiring buyers of the assets of the shuttered institution leave crypto-related assets behind, that's what happened.

• 2023-03-21
• Signature Bank FDIC New York Community Bancorp Apple Podcasts Barney Frank Silvergate Bank

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