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3232New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’
https://www.digit.info/new-york-regulator-calls-crypto-theories-associated-with-signature-bank-closure-ludicrous/
Thu, 06 Apr 2023 23:30:21 +0000https://www.digit.info/2023/04/06/new-york-regulator-calls-crypto-theories-associated-with-signature-bank-closure-ludicrous/Read more]]>Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured deposits” and insufficient liquidity were some of the reasons why it was closed. Signature Bank’s Liquidity […]
]]>Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator
https://www.digit.info/signature-bank-closure-has-nothing-to-do-with-crypto-says-regulator/
Wed, 15 Mar 2023 01:30:38 +0000https://www.digit.info/2023/03/15/signature-bank-closure-has-nothing-to-do-with-crypto-says-regulator/Read more]]>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. The financial watchdog insisted that its decision to put Signature Bank in receivership “was based on the current status of the bank […]
Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured deposits” and insufficient liquidity were some of the reasons why it was closed. Signature Bank’s Liquidity […]
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. The financial watchdog insisted that its decision to put Signature Bank in receivership “was based on the current status of the bank […]