Re:Joint Statement by the Department of the Treasury, Federa...
by greenyoda on Sunday March 12, 2023 @08:48PM
(#35128974)
> > We are also announcing a similar systemic risk exception for Signature Bank, New York, New York
Signature was another bank whose business was primarily in a volatile and risky market:
"Signature is one of the main banks to the cryptocurrency industry, the biggest one next to Silvergate, which announced its impending liquidation last week. It had a market value of $4.4 billion as of Friday after a 40% sell-off this year..."
Signature was another bank whose business was primarily in a volatile and risky market:
"Signature is one of the main banks to the cryptocurrency industry, the biggest one next to Silvergate, which announced its impending liquidation last week. It had a market value of $4.4 billion as of Friday after a 40% sell-off this year..."
https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-s...