Signature Bank’s Closure Due to ‘Crisis of Confidence’ in Its Leaders
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…
#signaturebank #commercialbank #bloombergsignature #fdic #nydfs #barneyfrank #siliconvalleybank #twitter #dailyhodl #bitcoin
