Former House Rep blames industry outsiders for associating crypto with bank’s failure
According to Barney Frank, Signature Bank's only issue prior to regulators seizing control in March was "crypto-fear inaccurate withdrawals."
Category Archives: Signature Bank
US regional bank shares sink despite Fed calling banking system ‘sound’
PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options.
Tether ‘unequivocally reiterates’ no exposure to Signature Bank
The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank.
Stablecoin issuer Tether accessed US banking system using Signature: Report
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform.
Yellen defends government intervention to avoid another SVB
The U.S. Treasury Secretary Janet Yellen said the federal government would intervene if necessary to protect other small lenders.
US exploring ways to guarantee the country’s 18T of bank deposits: Report
The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount.
Bank collapses are spurring interest in self-custody startups
The implosions of Signature Bank and Silicon Valley Bank are giving self-custody startups an opportunity to prosper.
FDIC sells Signature Bank deposits to Flagstar, crypto not included
The 40 branches of Signature Bank will officially reopen and operate as Flagstar Bank on March 20.
Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B
Bitcoin has decoupled from stocks and rising ten years after the Cyprus banking crisis coincided with a BTC price boom.
Congress announces March 29 hearing into failures of SVB and Signature Bank
According to the House Financial Services Committee, it expects to hold multiple hearings on "getting to the bottom" of the banks' failures.
