Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
The Daily Hodl 2023-03-16 10:20:19

Signature Bank’s Closure Due to ‘Crisis of Confidence’ in Its Leaders – Not Crypto, Says Regulator: Report

The government’s decision to seize Signature Bank is reportedly due to regulators losing faith in the management after the New York-based commercial bank lost 20% of its deposits on Friday, or approximately $17.8 billion. According to Bloomberg, Signature was placed into receivership and taken over by the Federal Deposit Insurance Corporation (FDIC) because regulators are The post Signature Bank’s Closure Due to ‘Crisis of Confidence’ in Its Leaders – Not Crypto, Says Regulator: Report appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.