New York-based Signature Bank, a key bank to the cryptocurrency industry, was shut down by regulators on Sunday, according to a joint statement from U.S. regulators. The statement also detailed actions aimed at stemming broader fallout from the failure of Silicon Valley Bank.
State of play: All depositors at Signature, the third bank to shutter in a matter of days, will be made whole under the same systemic risk exception that allowed that outcome for Silicon Valley Bank customers.
