Signature Bank


Finance

New York Community Bancorp Shares Tumble After Earnings Miss, 71% Dividend Cut

The bank took over defunct Signature Bank's non crypto-related deposits last year.

Down Arrow spray painted on a brick wall (Shutterstock)

Juridique

Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says

The Federal Deposit Insurance Corp. said Signature’s exposure to crypto industry deposits was also a contributing factor.

FDIC Chairman Martin Gruenberg (Alex Wong/Getty Images)

Marchés

First Mover Americas: Bitcoin Regains $29K

The latest price moves in crypto markets in context for April 26, 2023.

Bitcoin has reached $29,000 again after a five-day losing streak.

Analyses

USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble

The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.

Jeremy Allaire, CEO of Circle (CoinDesk)

Juridique

NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'

Adrienne Harris, the superintendent of the New York Department of Financial Services, said the decision to close the bank was instead due to a “new-fashioned bank run.”

Superintendent Adrienne Harris (NYDFS)

Finance

Tether Was a Client of Signature Bank's Signet: Bloomberg

Tether CTO Paolo Ardoino, in response to the Bloomberg article, denied the company has exposure to Signature Bank.

(Nikhilesh De/CoinDesk)

Juridique

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.

(Nikhilesh De/CoinDesk)

Juridique

Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures

Treasury Under Secretary Nellie Liang told House lawmakers the crypto industry wasn’t a central factor in the wipeouts of Silicon Valley Bank and Signature Bank.

Nellie Liang (Win McNamee/Getty Images)

Finance

The Short-Sightedness of Run-Amok Regulators

Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.

(EschCollection/GettyImages)

Vidéos

FDIC Tries to Push Crypto Depositors Stranded by Signature Failure to Cash Out

The Federal Deposit Insurance Corp. (FDIC) is trying to hurry the stranded crypto customers out the door of the temporary entity that holds the assets of the former Signature Bank, asking them to cash out by next week. CoinDesk's managing editor for global policy and regulation Nikhilesh De weighs in.

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