Published 1 year ago

Signature Bank shut by regulators, noting systemic risk

Summary by Axios

New York-based Signature Bank, a key bank to the cryptocurrency industry, was shut down by regulators on Sunday, according to a joint statement from U.S. regulators. The statement also detailed actions aimed at stemming broader fallout from the failure of Silicon Valley Bank.

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Times of India

Crypto: Signature Bank closure deals another blow to crypto industry

The closure of Signature Bank, a lender that counted a number of crypto companies as customers, marks another major setback for digital assets as the industry becomes ever more cut off from the banking system. The shutdown comes soon after the twin collapses of Silvergate Capital Corp and Silicon Valley Bank.

1 year ago·India

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The Independent

Second bank closed as regulators move to protect Silicon Valley Bank deposits

Signature Bank of New York shuttered as federal government moves to protect depositors

1 year ago·London, United Kingdom

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Reuters

Signature Bank becomes next casualty of banking turmoil after SVB

State regulators closed New York-based Signature Bank on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in deposits.

1 year ago·United Kingdom

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New York Post

Regulators close Signature Bank, second shuttered by feds after SVB disaster

US regulators shut down a second bank Sunday in a bid to stem the banking crisis after Silicon Valley Bank went down last week.

1 year ago·New York, United States

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CNBC

Regulators close crypto-focused Signature Bank, citing systemic risk

U.S. regulators on Sunday shut down New York-based Signature Bank in a bid to prevent the spreading banking crisis.

1 year ago·United States

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Channel News Asia

New York regulators close Signature Bank, announce plan to make depositors whole

New York state's Department of Financial Services said on Sunday (Mar 12) it has taken possession of New York-based Signature Bank and appointed the US Federal Deposit Insurance as receiver, the second bank failure in a matter of days. Signature Bank had deposits totalling about US$88.59 billion as of Dec

1 year ago·Singapore

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