Whoever buys Signature Bank, which was seized by regulators and will be auctioned off, must agree to give up its cryptocurrency business,The Federal Deposit Insurance Corporation has asked parties interested in buying the shuttered bank to submit bids by Friday, the publication reported on Wednesday.
An FDIC spokesperson told Insider that the potential buyer determines the conditions of their bid, and informs the regulator which assets and liabilities from the defunct bank they are willing to take. Signature was one of three specialist banks that closed last week. They also included Silicon Valley Bank, the second-largest banking failure to date, along with Silvergate Bank. All of the now-defunct firms serviced crypto-related clients.
Signature customers, spooked by the downfall of SVB, pulled over $10 billion in deposits last Friday.
He added:"We had no indication of problems until we got a deposit run late Friday, which was purely contagion from SVB." for possible lax money-laundering monitoring by the Securities and Exchange Commission and the Department of Justice before it was seized.
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Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator – Finance Bitcoin NewsThe decision to close down SignatureBank has 'nothing to do with crypto,' said the regulator that took possession of the bank on Sunday. cryptocurrency DFS Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals! Ok then, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Totally agree, but I only use ChiefraFba for signals and analysis
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