Breaking: Crypto-focused Signature Bank closed by New York authorities
New York authorities have shut down Signature Bank, which closed in the red on Friday
While the crypto-market is still grappling with the collapse of the crypto-centric bank – Silvergate Bank, another bank has had its shop closed. In a statement released today by the Board of Governors of the Federal Reserve System, the New York authorities have closed Signature Bank, New York. Notably, the Federal Reserve Board Governers have assured that the deposits made in the bank will be returned to customers wholly.
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