After SVB failure, regulators close crypto-friendly bank Signature Bank  

By Editor - Mon Mar 13, 5:29 am

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Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole. Regulators said that Signature Bank also caused a systemic risk and could threaten the U.S. banking system. In other words, the government is stepping up to protect the economy. “We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority,” the U.S

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After SVB failure, regulators close crypto-friendly bank Signature Bank

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