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U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis.
“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 joint statement Sunday evening.
The post Another One: Citing “Systemic Risk,” Regulators Close New York’s Signature Bank appeared first on ThinkCivics | Breaking News.
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Author: ThinkCivics Newswire
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