Regulators Announce Closure of NY’s Signature Bank, Which Held Significant Crypto Stakes
Feds say all deposits will be guaranteed
U.S. regulators on Sunday announced they were intervening to close Signature Bank, marking the second U.S. bank to fail days apart and the third-largest bank failure in U.S. history.
The bank has been placed into receivership under the Fed’s emergency lending authority, the Federal Deposit Insurance Corporation (FDIC). -- More...
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