Signature Bank failed to understand risks associated with crypto: FDIC chair
A related report penned down by FDIC Chief Risk Officer cited poor management as “the root cause of Signature Bank’s failure.”
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GAO cites exposure to digital assets in exploring collapse of Signature Bank
Michael Clements said the GAO had reviewed “large deposits from the digital asset space” in considering whether crypto had contributed to Signature’s failure.
FDIC pins Signature Bank's failure on poor governance and illiquidity
FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies.
Tether 'unequivocally reiterates' no exposure to Signature Bank
The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank.
FDIC plans to return $4B in Signature crypto deposits 'by early next week' — Martin Gruenberg
The Treasury Department's Under Secretary for Domestic Finance Nellie Liang said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.
Coinbase pauses support for Signature Bank's Signet: Report
The U.S. crypto exchange was reportedly looking for another payment network provider and waiting on the outcome of the situation with Signature.
Signature Bank deposits, branches sold to Flagstar, crypto not included
The 40 branches of Signature Bank will officially reopen and operate as Flagstar Bank on March 20.
US lawmaker suggests Signature's collapse was tied to instability of crypto
Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank's ability to service digital asset firms but not dispensaries.
FDIC asked Signature buyers to stop all crypto business: Report
The FDIC regulators have reportedly required any buyer of Signature to agree to give up all cryptocurrency business at the bank.
Crypto acted as safe haven amid SVB and Signature bank run: Cathie Wood
Cathie Wood said the ongoing baking crisis is a total Fed policy failure and could have been averted with crypto’s decentralized solutions.