“U.S. regulators said Sunday it shut down New York-based Signature Bank, a second financial institution they shuttered after Silicon Valley Bank's collapse. "We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority," Treasury, Federal Reserve, and FDIC said in a joined statement Sunday evening.”
Bank number 3 bites the dust. Supposedly not systemic risk, but Signature Bank forced to close. Hmmmm…. BTC & ETH prices still pumping and Wonder who’s next? Soon there may not be any conduits to the traditional banking system for crypto
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