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FDIC Says Signature Bank Cratered Due to Contagion Effects and Failure To Understand the Risks of Crypto
By Conor Devitt at 2025-05-22 14:58
Sentiment: Negative
Signature Bank (SBNY) primarily failed due to contagion that spread from other recently collapsed financial institutions, according to the U.S. Federal Deposit Insurance Corporation (FDIC). The FDIC says in a new report that the self-liquidation of Silvergate Bank and the failure of Silicon Valley Bank (SVB) paved the way for Signature’s high-profile implosion last month. […] The post FDIC Says Signature Bank Cratered Due to Contagion Effects and Failure To Understand the Risks of Crypto appeared first on The Daily Hodl. Continue reading...
Categories: Regulators
Tags: #Regulators #FDIC #Federal Deposit Insurance Corporate #News #Signature Bank
Source The Daily Hodl