The United States Federal Deposit Insurance Corporation (FDIC) has announced that Signature Bank customers who hold crypto accounts have until April 5, 2023, to withdraw their funds and find another banking option or risk closure of their accounts. Customers were advised to verify the address listed on their registration is ...
Signature Bank, a financial institution known for its favourable stance toward cryptocurrencies, has been acquired by Flagstar Bank, a subsidiary of New York Community Bancorp, just a week after it collapsed. On March 19, 2023, the Federal Deposit Insurance Corporation (FDIC) revealed that a purchase and assumption agreement had been ...
The Federal Deposit Insurance Company (FDIC) of the United States has stated that any investor who wishes to purchase Signature Bank must agree to discontinue all the bank’s cryptocurrency-related activities. Signature Bank, headquartered in New York, and California-based Silicon Valley Bank (SVB) were known for their favourable stances towards cryptocurrencies ...
A recent report revealed that Signature Bank, a crypto-friendly financial institution based in New York, was investigated for possible money laundering activities prior to its seizure by regulators. The bank was closed down on March 12, 2023, by US authorities shortly after the collapse of Silicon Valley Bank. The report ...
