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SBNY / Signature Bank's ‘reliance on crypto industry' helped lead to its failure, FDIC says

Signature Bank's ‘reliance on crypto industry' helped lead to its failure, FDIC says
Signature Bank pursued ‘rapid, unrestrained growth' in part by courting deposits from the volatile crypto industry, and its association with digital asset firms was a major factor in its failure, the Federal Deposit Insurance Corporation said in a review published Friday. Read More
Posted: Apr 28 2023, 13:07
Author Name: Market Watch
Views: 111422

SBNY News  

Rent-stabilized housing in focus as bids for $33 billion Signature Bank portfolio comes due

By Market Watch
October 25, 2023

Rent-stabilized housing in focus as bids for $33 billion Signature Bank portfolio comes due

Bids are coming due on the biggest commercial-real estate transaction of its kind, at a crucial moment for property markets. more_horizontal

FDIC Inspector General's Signature Bank report flags missed opportunities by regulators ahead of bank failure

By Market Watch
October 24, 2023

FDIC Inspector General's Signature Bank report flags missed opportunities by regulators ahead of bank failure

The Federal Deposit Insurance Corp. Inspector General's review of the FDIC's actions around the collapse of Signature Bank concluded in a report on Tu more_horizontal

PNC draws inflow into corporate bonds on its portfolio purchase from ex-Signature Bank

By Market Watch
October 4, 2023

PNC draws inflow into corporate bonds on its portfolio purchase from ex-Signature Bank

Corporate bonds issued by PNC Financial Services Group Inc. drew in fresh capital in a bullish reaction by Wall Street to the bank's purchase of a por more_horizontal

FDIC kicks off $33 billion sale of seized assets from Signature Bank

By Market Watch
September 5, 2023

FDIC kicks off $33 billion sale of seized assets from Signature Bank

The Federal Deposit Insurance Corp. on Tuesday announced details of a planned sale of seized assets from New York's collapsed Signature Bank. more_horizontal

FDIC launches sale of $18.5 bln of Signature Bank loans - Bloomberg News

By Reuters
July 28, 2023

FDIC launches sale of $18.5 bln of Signature Bank loans - Bloomberg News

The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set o more_horizontal

Customer Bancorp buys a Signature Bank loan portfolio from the FDIC

By Market Watch
June 16, 2023

Customer Bancorp buys a Signature Bank loan portfolio from the FDIC

Customers Bancorp CUBI, +6.36% stock is up 0.5% in premarket trades Friday after the firm said it acquired a $631 million venture banking loan portfol more_horizontal

SVB and Signature Bank executives should be exposed for mismanagement: Sen. Reed (D-RI)

By Yahoo Finance
May 16, 2023

SVB and Signature Bank executives should be exposed for mismanagement: Sen. Reed (D-RI)

Senator Jack Reed (D-RI) discusses the ongoing banking crisis in wake of the collapses of SVB and Signature Bank and breaks down the potential for leg more_horizontal

SVB and Signature Bank execs set to testify before the Senate this week

By CNN Business
May 14, 2023

SVB and Signature Bank execs set to testify before the Senate this week

Despite the looming debt ceiling crisis that has taken center stage in Washington in recent weeks, lawmakers haven't forgotten about the other financi more_horizontal


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