According to the regulatory body, the latest shutdown of the Signature Bank is not related to its cryptocurrency dealings. NYDFS Denies Crypto Connection On March 14, the regulator responsible for t...
Tag: Signature
Signature Bank Reportedly Under Money Laundering Probe Before Closure
Signature Bank is facing scrutiny from the U.S. Department of Justice over potential shortcomings in its efforts to thwart money laundering, according to insiders familiar with the matter cited in a B...
Signature Bank laundered millions before its downfall – Cryptopolitan
The sudden closure of Signature Bank has sent shockwaves throughout the financial industry. It’s become apparent that US regulators were investigating the bank’s dealings with cryptocurrency clients b...
Signature Bank Faces Allegation of Money Laundering
U.S. regulators are reportedly investigating the crypto-friendly Signature Bank for money laundering. But is it the latest development in operation Choke Point? According to a Bloomberg report, U.S. r...
Signature bank was under criminal investigation ahead of closure
The US prosecutors were looking into Signature Bank’s dealings with crypto clients when regulators abruptly shut down the institution on March 12. The regulators said that keeping the bank open would ...
Signature Bank Was Under Criminal Investigation Before Its Collapse: Report
Crypto-friendly Signature Bank was under criminal investigation by U.S. authorities over its anti-money laundering practices before its sudden collapse over the weekend, Bloomberg reported Wednesday, ...
Brett Harrison on how the meltdowns of Silvergate and Signature can reshape crypto
Episode 23 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Architect Founder & CEO Brett Harrison. Listen below, and subscribe to The Scoop on Apple,...
Crypto-friendly Signature Bank probed by U.S. DoJ before its collapse
The U.S. Justice Department reportedly probed Signature Bank before state regulators shut it down. The probe revolved around the bank’s anti-money laundering steps. Signature Bank, the crypto-friendly...
Moody’s Downgrades Signature Bank to Junk while Putting More Banks Under Review
Moody’s also put the ratings of six other banks in the US under review. Ratings agency Moody’s has downgraded the debt ratings of recently collapsed Signature Bank (NASDAQ: SBNY) to junk amid the happ...
Bitcoin rallies after collapses of Signature, SVB and Silvergate. Here’s why
Bitcoin is seeing its best three-day performance since October 2019, as the collapse of three U.S. banks in a week fueled some investors’ hope that the Federal Reserve may have to take a less aggressi...
Signature Bank investigated for money laundering prior to demise: Report
The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse. According to a March 15 Bloomberg report citing people famili...
Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator – Finance Bitcoin News
The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. ...
Crypto Not It, Regulators Denied Signature Bank Was Targeted For Ties With Digital Assets
After being shut down by U.S. regulators on Sunday, crypto-friendly Signature Bank director and former Congressman Barney Frank claimed they had “no indication of problems.” They suggested the bank’s ...
Signature Bank Shutdown Caused by ‘Crisis of Confidence’ in Leadership, NYDFS Says
“The decisions made over the weekend were not crypto related,” the spokesperson said. “Signature was a traditional commercial bank with a wide range of activities and customers, incl...
‘It’s a big failure for us.’ Sweden’s largest pension fund invested in both Silicon Valley Bank and Signature Bank before they failed
Sweden’s largest pension fund, Alecta, is under fire this week for investments it made into now-defunct U.S. regional banks. After the collapse of the tech-startup-focused Silicon Valley Bank (SVB) on...
Signature Bank Closure is a Signal for Crypto Market, says Frank
Signature Bank collapsed on Monday morning, after which Barney Frank says regulators shut down the bank to send “a strong anti-crypto message.” In the last 4 days, this was the second US bank collapse...
Signature Bank regulator says it was closed for not providing data: Report
The New York Department of Financial Services (NYDFS) shut down Signature Bank for “failing to provide consistent and reliable data” and not because of a bias against crypto, according to a March 14 r...
New York Regulator Blames Signature Bank Shutdown on Leaders
The New York State Financial Services Department said the shutdown of Signature Bank was due to a lack of transparency rather than crypto. The state regulators said that the bank’s leaders caused a cr...
Signature Bank and former executives sued by shareholders for alleged fraud
On March 14, a class action lawsuit was filed against the recently shut down crypto-friendly, New York-based Signature Bank, and its former chief executive office, Joseph DePaolo, chief financial offi...
SVB, Signature Bank Losses Will Not ‘Be Borne by the Taxpayer’, Insists President Biden
President Joe Biden gave brief comments Monday morning regarding the recent events surrounding the embattled Signature Bank and Silicon Valley Bank (SVB). Following several chaotic days, SVB was shut ...
Signature Bank Closure Not Due To Crypto Link: New York Officials
Signature Bank News: After former member of the U.S. House of Representatives Barney Frank said Signature Bank was targeted due to its links with the crypto market, there is a counter argument to it. ...
Coinbase, Paxos Disclose Exposure to Failed Signature Bank
Signature Bank emerged late Sunday as the latest institution to collapse amid a series of bank failures, and multiple crypto companies took to Twitter to declare whether they were affected by the gove...
Feds Shut Down Signature Bank, Say Signature and Silicon Valley Bank Depositors Will Be Made Whole
All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority....
Signature Bank’s Signet Platform Still Works, but Some Clients Have Moved On
After Silvergate’s liquidation, SEN went down the drain with it, leaving Signature Bank’s Signet platform as one of the last places to perform 24/7 crypto banking. But Signature’s shutdown on Sunday s...
Biden Hints Next Step of Action Post SVB & Signature Collapse
The FDIC took control of SVB’s assets and Signature Bank over the weekend. Prez. Biden lays down a further course of action, reinstating the public’s faith. His plan of actions includes action agains...
Mawson Infrastructure Group Inc. Confirms No Exposure to Silvergate Capital and SVB, Transfers All Assets Away from Signature
SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, communicates to the market that it doesn’t have any historica...
Crypto startups seek new banks as Silvergate, SVB and Signature close their doors
Mercury, Brex and Customers Bank are just some of the names being batted around to crypto founders who are now left scrambling to find alternate banking services following the collapse of Silvergate, ...
Houbi Cut Ties With Signature Bank and Silvergate Before Their Collapse (Report)
Huobi had reportedly withdrawn all its assets from Signature and Silvergate Bank prior to their demise. However, numerous other platforms and crypto-related firms got burned from their existing expos...