Signature Bank shut down in connection with Silicon Valley Bank collapse
Founded in 2001, the New York-based Signature Bank was popular among crypto companies
By Bradford Betz
Federal regulators on Sunday said New York-based Signature Bank was being shut down to protect consumers and the financial system following the collapse of California’s Silicon Valley Bank. The announcement came in a joint statement from the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation. The regulators said SVB clients will have access to their money starting Monday, at no expense to the American taxpayer.
more.............. https://www.foxbusiness.com/economy/signature-bank-shut-down-connection-silicon-valley-bank-collapse
Founded in 2001, the New York-based Signature Bank was popular among crypto companies
By Bradford Betz
Federal regulators on Sunday said New York-based Signature Bank was being shut down to protect consumers and the financial system following the collapse of California’s Silicon Valley Bank. The announcement came in a joint statement from the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation. The regulators said SVB clients will have access to their money starting Monday, at no expense to the American taxpayer.
more.............. https://www.foxbusiness.com/economy/signature-bank-shut-down-connection-silicon-valley-bank-collapse