#signature bank

Here’s Why Silvergate Collapsed

Here’s Why Silvergate Collapsed

The collapse of three banks – Silvergatve, Silicon Valley Bank, and Signature Bank – in March gave a bad headache to both regulators and customers. The Financial Insurance and Deposit Commission (FDIC) has it all assessed and explained.

Lesia Dubenko 16 Jun 2023

Hidden Ban for American Crypto Companies

Hidden Ban for American Crypto Companies

Blockchain Association, one of the largest crypto-lobbying groups in the US, has requested documents related to possible "debanking" of crypto projects. The Association began its investigation following the recent collapse of Signature Bank, Silicon Valley Bank, and Silvergate, which had close ties to the crypto industry.

GNcrypto 16 Mar 2023

Biden Rushes to the Rescue!

Biden Rushes to the Rescue!

President Joe Biden has personally promised to hold Silicon Valley Bank and Signature Bank accountable for any bankruptcy they may face, ensuring Americans that their deposits are safe. "The American people and American businesses can have confidence that their bank deposits will be there when they need them," he tweeted. We're eagerly waiting for more details on this matter!

13 Mar 2023

Banks Pose a Risk to Crypto, Not Vice Versa

Banks Pose a Risk to Crypto, Not Vice Versa

The collapse of the three “S” banks – Silvergate, SVB, and Signature Bank – left a bitter taste in the crypto companies’ mouths. This includes Circle, the issuer of the USDC stablecoin.

Lesia Dubenko 5 Apr 2023

Signature Bank acquirer will be forced to abandon crypto

Signature Bank acquirer will be forced to abandon crypto

The Federal Deposit Insurance Corporation (FDIC) still believes it could sell Silicon Valley Bank and Signature Bank either in whole or in part. Until March 17, the regulator is accepting bids from potential buyers.

GNcrypto 16 Mar 2023

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