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Banking

“Why regulators seized Signature Bank in third-biggest bank failure in U.S. history”

“On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC. That run on deposits quickly led to the third-largest bank failure in U.S. history. Regulators announced late Sunday that Signature was being… Continue Reading…

Banking, Cryptocurrencies

“Regulators close crypto-focused Signature Bank, citing systemic risk”

“New York state regulators on Sunday shut down Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for Signature Bank, New York, New… Continue Reading…