The US Treasury Secretary, Janet Yellen, along with Federal Reserve Board Chair, Jerome Powell and FDIC Chairman, Martin Gruenberg, said Sunday they are taking action to protect the US economy by stre...
Tag: Signature
Crypto-Friendly Signature Bank Shut Down by State Regulators
“Signature Bank is a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately $110.36 billion and total deposits of approximately $88.59 billion as of Dec...
End of Signature Bank Stock? Silicon Valley Bank, Silvergate Bleed
Signature Bank Stock faced the aftermath of the fall of major crypto supporting banks, as many witnessed bloodbath along with Silicon Valley Bank and Silvergate (SI). Signature Bank stock (SBNY) along...
Stablecoin issuers seek to diversify banking partners in the wake of Silicon Valley Bank’s meltdown
The failure of California-based Silicon Valley Bank today leaves the crypto market with one fewer lending partner, adding further pressure on stablecoin issuer Circle to beef up its portfolio of bank ...
SVB seized by FDIC, Signature bank falls in heavy trade as bitcoin breaks down
The views and opinions expressed here belong solely to the author. Niche banks continue to fall apart. The Silvergate failure is being followed by Silicon Valley Bank (SVB), which collapsed on March 1...
Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles – Bitcoin News
Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” ac...
Signature Bank Announces Availability of Materials for 2023 Annual Shareholders’ Meeting and Special Meeting of Holders of Series A Preferred Stock
NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq:SBNY), a New York-based, full-service commercial bank, announced today the Bank’s proxy materials for its 2023 Annual Meeting of Shareholders are now av...
JPMorgan Report Predicts Crypto Will Move to Signature Bank
JPMorgan Chase said that the crypto industry would struggle to replace the services offered by collapsed banking partner Silvergate Capital Corp. In a new report, a research team at the Wall Street ti...
Signature Bank Stock Down 12% in Volatile Action as Bank Selloff Continues
While Silvergate’s demise may have rung alarm bells for investors around the durability of banks with close ties to the crypto industry, the rout has spread to more traditional lenders. Most not...
Silicon Valley Bank plunges 60% before halt, Signature trading stopped shortly after open
Markets • March 10, 2023, 9:56AM EST Trading in Silicon Valley Bank is halted for pending news, but not before after shares plunged 63% in pre-market trading. Signature Bank was halted for volatility ...
Signature Bank’s Stock Sinks 10% as Silvergate Prepares to Shut Down
Shares of Signature Bank fell Thursday after Silvergate, another leading bank for crypto firms, said it plans to wind down operations. Signature’s stock price fell upwards of 10% to around $92.40 per ...
Signature Bank Stock Plummets as Crypto Banking FUD Spreads: Details
The ongoing Fear, Uncertainty and Doubt (FUD) in the digital currency ecosystem of today is notably impacting Silvergate Bank, one of the two dominant crypto-focused financial institutions. At this ti...
Selling The Top: Silvergate Execs Cashed Out $103M As Bitcoin Peaked
Silvergate is over. Investors are likely sad, short sellers probably grinning, but 11 insiders at the one-time major crypto bank sold out big at the top — raking in more than $103 million. Former chai...
Signature Bank stock drops sharply after Silvergate announces winddown
Signature Bank SBNY, -1.47% stock is down 11% in premarket trades as carnage from the announced wind-down of digital currency financial services company Silvergate Capital Corp. SI, -5.76% impacted th...
Signature Bank plummets in share price pre-market, after news of Silvergate halting operations
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Signature Bank, Stablecoins Might Benefit From Silvergate Bank Crypto Exchange Network’s Demise
Now, the network has been shut down – closed last week as the bank’s parent company, Silvergate Capital Corp., acknowledged there were questions about its ability to continue as a “going concern,” and...
No More SEN. Now What?
After Silvergate’s March 1 revelation to regulators that it’s in trouble, crypto companies took a step back. Analysts and investors are wondering how the industry will pivot without a key access...
Signature can ‘thread the needle’ on cutting crypto as Silvergate collapses: JPMorgan
As crypto-exposed bank Silvergate Capital (SI) faces financial and regulatory concerns that have raised questions about its long-term viability, analysts at JPMorgan maintained optimism about shares o...
Sit-Ski Trailblazer Trevor Kennison’s Signature SPY Optic Line Advocates For Adaptive Athletes
SPY Optic athlete, sit-skier Trevor Kennison, has a new signature line with SPY, including goggles … [+] and sunglasses. He also does work with High Fives Foundation, which provides injury preve...
Kraken Pulling Back From Using Signature Bank: Bloomberg
Join the most important conversation in crypto and web3! Secure your seat today Crypto exchange Kraken is pulling back from using crypto-focused bank Signature Bank for some significant financial tran...
Crypto Firm LedgerX Tells Clients to Send Funds to Signature Bank, Not Silvergate
(Bloomberg) — Crypto derivatives platform LedgerX, one of the few solvent pieces of the bankrupt FTX empire, will no longer use embattled Silvergate Bank to receive domestic wire transfers begin...
Signature Bank CEO Joe DePaolo Will Be Replaced by COO Eric Howell Following Transition Period
Under DePaolo’s leadership, Signature’s Nasdaq-listed shares soared as high as $344.89 a year ago amid the last crypto bull market. By the end of 2022, following the collapse in cryptocurr...
Signature Bank Announces Leadership Transition Plans
Joseph J. DePaolo Plans Transition into Senior Advisor Position and Eric R. Howell to Assume the Role of President; Howell first joined Signature Bank at the time of its opening in 2001 NEW YORK–(BUSI...
Signature Bank to appoint Eric Howell as CEO and president
After more than 20 years holding the reins at Signature Bank, co-founder Joseph DePaolo will be stepping down as CEO and president as part of a reshuffling of the bank’s leadership. Signat...
Signature Bank In Trouble; Law Suit Filed Against Crypto-Friendly Bank
Join Our Telegram channel to stay up to date on breaking news coverage New York-headquartered crypto-friendly bank is finding itself in some deep trouble as investigation around the FTX fiasco of 2022...
Signature Bank Faces Lawsuit Over Involvement in FTX Fraud
Algorithmic trading firm Statistica Capital filed a putative class-action lawsuit against the crypto-friendly Signature Bank for its alleged knowledge of fund commingling between bankrupt exchange FTX...
Signature Bank Lawsuit Alleges It ‘Substantially Facilitated’ FTX Fraud
New York-based Signature Bank has been slapped with a class-action lawsuit alleging it facilitated FTX’s activities prior to the crypto exchange’s collapse last November. The lawsuit, file...
Class-action lawsuit alleges Signature bank ‘permitted’ FTX comingling customer funds
Crypto-friendly Signature Bank has been drawn into a class-action lawsuit over its role in the operations of the defunct crypto exchange FTX, according to a Feb. 6 court filing. The lawsuit alleged th...
Crypto Investment Firm Sues Signature Bank for Facilitating FTX Fraudulent Transfers: Report
British Virgin Islands-based investment management and cryptocurrency trading firm Statistica Capital has filed a lawsuit against New York-based Signature Bank, alleging that the financial institution...