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Flagstar bank
Failed Signature Bank Developments; Bitcoin’s Bullish Sentiment
According to a press release from the FDIC, Signature Bank's (now Signature Bridge Bank) non-crypto related deposits are being assumed by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp. Plus, bitcoin (BTC) breaks above $28,000, touching its highest level since June 2022.
New York Community Bank Buying Large Portion of Failed Signature Bank
Non-crypto related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, as of Monday under a purchase and assumption agreement, the FDIC said in a press release on Sunday U.S. time. Custodia Bank founder and CEO Caitlin Long shares her reaction.
Signature Bank Non-Crypto Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC
Non-crypto related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, according to a press release from the FDIC. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in on what this means for the crypto industry.