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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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Handelsblatt broke the news in Düsseldorf, Germany on Sunday, March 12, 2023.
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