5 ms·
> > We are also announcing a similar systemic risk exception for Signature Bank, New York, New York Signature was another bank whose business was primarily in
by greenyoda 4y ago
> > We are also announcing a similar systemic risk exception for Signature Bank, New York, New York
Signature was another bank whose business was primarily in a volatile and risky market:
"Signature is one of the main banks to the cryptocurrency industry, the biggest one next to Silvergate, which announced its impending liquidation last week. It had a market value of $4.4 billion as of Friday after a 40% sell-off this year..."
https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-s...