Signature Bank News

The fall of Signature Bank (SBNY) has been linked to a combination of executive mismanagement and insufficient intervention by federal regulators.

According to Bloomberg, Tether, the world's largest stablecoin issuer, utilized Signature Bank to transfer funds from the United States to the Bahamas.

Recent reports indicate that Signature Bank insiders disposed of over $100 million in shares in the three years preceding the Bank's fall.

Signature Bank’s crypto clients have been given a deadline to close down their accounts and move their deposits following the recent takeover of the bank.  According to Bloomberg, the US Federal Deposit Insurance Corporation (FDIC) informed customers of the failed…

Coinbase cryptocurrency exchange has told its customers that Signature Bank’s Signet payments solution will be suspended until further notice. 

On March 20, 2023, the Federal Deposit Insurance Corp. announced that Signature Bank’s related deposits would be returned directly to the customers, contrary to the notion that the New York Community Bancorp would handle them. The Federal Deposit Insurance Corp.…

Bitcoin soars above $27,000 for the first time since last June amid a banking crisis in the U.S. There was more discussion on Silicon Valley Bank and FDIC position

The federal deposit insurance corporation (FDIC) has demanded that the prospective buyer of New York-based Signature Bank relinquish all cryptocurrency operations.

The US prosecutors were looking into Signature Bank’s dealings with crypto clients when regulators abruptly shut down the institution on March 12. The regulators said that keeping the bank open would pose a threat to the stability of the entire…

President Biden has assured the Senate Banking Committee that taxpayers will not bear the brunt of any potential losses incurred by SVB Financial Group and Signature Bank.

New York-based Signature Bank is facing a lawsuit filed by Statistica Capital, an investment firm that believes the former was involved in FTX’s collapse.  Signature Bank has been accused of partaking in the FTX fraud that was discovered last year.…

Signature Bank has addressed purported false statements by the Wall Street Journal in their Jan. 23 article titled “U.S. Home-Loan banks Help Crypto Lenders Stem Outflows.” The bank claims it’s neither a crypto lender nor suffering from a liquidity crunch…

Binance, one of the world's largest cryptocurrency exchanges, announced that the New York-based Signature Bank would handle transactions from its users only if it exceeds $100,000.

Signature Bank (SBNY) has announced it will lower its crypto-linked deposits by $8-10 billion, given the uncertain market conditions in the crypto space after the collapse of FTX.

Signature Bank (SBNY: NASDAQ), a New York-based full-service commercial bank, announced that the private beta launch of Signet, its Ethereum-powered distributed ledger technology (DLT) payments solution enabled it to increase its transaction volume by 15 percent, reports Forbes on June…