Signature Bank’s Quick Sale Leaves Crypto Customers In The Lurch, FDIC $2.5 Billion Poorer

The U.S. takeover of Signature Bank and the ensuing sale of most of its operations to a local rival was accomplished with blinding speed, as such transactions go, but the only interested party that seems likely to walk away a clear winner is the buyer, New York Community Bancorp (NYCB), which is…

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