Anonymous ID: d9d755 March 12, 2023, 5:12 p.m. No.18495354   🗄️.is 🔗kun

>>18494659

https://www.msn.com/en-us/money/markets/signature-bank-shut-down-by-regulators/ar-AA18x84N

 

The crypto-friendly Signature Bank was shut down by regulators on Sunday.

In a joint statement, the Federal Reserve, the US Treasury and the FDIC said the bank's depositors would be made whole.

Signature Bank's closure comes on the heels of Silicon Valley Bank being shuttered on Friday.

In an attempt to prevent a spreading financial crisis, regulators shut down the crypto-friendly Signature Bank, New York, on Sunday, promising to make its depositors whole.

 

Signature Bank's closure comes on the heels of the shuttering of Silicon Valley Bank on Friday. Customers of both tech-friendly institutions will be bailed out by the US Treasury, Federal Reserve, and Financial Deposit Insurance Corporation, with their funds available beginning Monday.