Significant Bank Failures Force Regulators To Shut Singnature Bank. Read more in description.✓>>👇
1 year ago
11
The second significant bank failure in three days occurred on Sunday when regulators closed Signature Bank.
Following the Friday regulatory seizure of midsize lender SVB Financial Corp., the New York-based bank had a crisis of confidence. When the cryptocurrency sector collapsed and banking regulators tightened their control over lenders' exposure to digital assets, Signature was also hurting from a gamble on crypto banking that failed. The failure ranks third in magnitude in American history.
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