Signature Bank

Coinbase Is Pausing Signet Support and Looking for New Providers
Coinbase Is Pausing Signet Support and Looking for New Providers
March 20, 2023  |  Cryptocurrency

Signature Bank’s Signet platform was once invaluable to the crypto industry. Then the bank behind it, Signature, failed, entered into Federal Deposit Insurance Corp. (FDIC)...

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Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank
Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank
March 20, 2023  |  Cryptocurrency

One of the crypto sector’s favorite banks, Signature, has a new home.  As of Monday (March 20), the former crypto-friendly lender’s doors are open again...

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Silicon Valley, Signature Bank Collapses Signal ‘Butterfly Effect’ on Paycheck-to-Paycheck Consumers
Silicon Valley, Signature Bank Collapses Signal ‘Butterfly Effect’ on Paycheck-to-Paycheck Consumers
March 20, 2023  |  Banking

The old adage is that a butterfly flaps its wings, and eventually, there’s a hurricane, far away. We may see the Butterfly Effect, as it’s...

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Warren Buffett May Invest in Regional Banks
Warren Buffett May Invest in Regional Banks
March 19, 2023  |  Banking

The U.S. has reportedly turned to Warren Buffett once more for help in a financial crisis. The billionaire investor offered lifelines to Goldman Sachs in...

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Signature Bank Sold to Arm of New York Community Bancorp
Signature Bank Sold to Arm of New York Community Bancorp
March 19, 2023  |  Banking

One week after being taken over by regulators, Signature Bank has a new owner. The Federal Deposit Insurance Corp. (FDIC), which assumed control of the...

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Medium-Sized Banks Want More FDIC Protection
Medium-Sized Banks Want More FDIC Protection
March 19, 2023  |  Banking

America’s midsized banks want more federal protection to prevent runs on deposits. The Mid-Sized Bank Coalition (MSBC) has reportedly written to federal regulators asking that...

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House Looks to ‘Get to Bottom’ of Banking Collapses
House Looks to ‘Get to Bottom’ of Banking Collapses
March 19, 2023  |  Banking

The U.S. House Financial Services Committee is set to begin investigating two high-profile banking failures. Rep. Patrick McHenry, who chairs the committee, and Rep. Maxine...

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The Week That Americans Watched a Bank Run in Real Time
The Week That Americans Watched a Bank Run in Real Time
March 18, 2023  |  Banking

Back in 1960s through the 1980s, there was a TV show titled “That Was the Week that Was.” The program was, largely, political satire. But...

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FDIC Reportedly Sweetening the Deal for Failed Banks
FDIC Reportedly Sweetening the Deal for Failed Banks
March 17, 2023  |  Bank Regulation

Federal regulators are reportedly sweetening the deal for two failed banks. The Federal Deposit Insurance Corporation (FDIC) is open to negotiating sharing losses if that...

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