Breaking: Signature Bank closed by New York banking authorities By Cointelegraph
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New York-based Signature Bank (NASDAQ:), another crypto-friendly bank, has been closed down by its state charter authority.
The Federal Reserve explained in a March 12 statement that the decision was made with the United States Federal Deposit Insurance Corporation (FDIC) to protect the U.S. economy and strengthen public confidence in the banking system.
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New York-based Signature Bank (NASDAQ:), another crypto-friendly bank, has been closed down by its state charter authority.
The Federal Reserve explained in a March 12 statement that the decision was made with the United States Federal Deposit Insurance Corporation (FDIC) to protect the U.S. economy and strengthen public confidence in the banking system.
Continue Reading on Coin Telegraph
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