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
By News on the Net -- New York Post—— Bio and Archives--March 12, 2023
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US regulators shut down a second bank Sunday in a bid to stem the banking crisis after Silicon Valley Bank went down last week.
Signature Bank, a New York-based, cryptocurrency friendly financial institution, was closed Sunday by its state chartering authority, according to a joint statement from the Treasury Department, Federal Reserve and FDIC. ---More...
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