“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, including small businesses like food vendors at Hunt’s Point, residential mortgage banking, commercial real estate, to name a few. DFS has been facilitating well-regulated crypto activities for several years, and is a national model for regulating the space.”
Source: https://www.coindesk.com/policy/2023/03/14/signature-bank-shutdown-caused-by-crisis-of-confidence-in-leadership-nydfs-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines