Stablecoin Issuer Tether Was Client of Signature Bank to Serve U.S. Customers: Bloomberg
Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank. Source
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Signature
FDIC Plans to Return $4B in Signature Bank’s Crypto Deposits by Next Week
Starting next week on April 5, Signature Bank will return $4 billion in deposits linked to crypto businesses since they aren’t a part of the NYCB deal. Amid the fallout of the Silicon Valley Bank earlier this month, US regulators moved to shut down another crypto-friendly bank Signature. In the latest
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FDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg
Martin Gruenberg, chair of the United States Federal Deposit Insurance Corporation, has said the FDIC plans to return roughly $4 billion in deposits connected to Signature Bank’s digital asset banking business by early April.In a March 29 hearing of the U.S. House Financial Services Committee exploring federal regulators' responses to
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FDIC Gives Deadline Next Week for Crypto Depositors Stranded by Signature Failure
The FDIC has been reaching out to customers connected to the money, encouraging them to find another bank to transfer the funds to. If they can’t, they’ll be getting a check to whatever address is on record for the customer, the spokesperson said. Source
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Looking at Some Unanswered Signature and Silvergate Bank Questions
I think it’s safe to assume people want certainty. Companies want to know they'll be able to tap banking services. For that to happen, banks need to be comfortable serving crypto companies. And for that to happen, they probably need to know what factors led to Signature becoming a failed
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Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ
The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend. Source
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Coinbase pauses support for Signature Bank’s Signet: Report
More than a week after New York regulators closed the crypto-friendly Signature Bank, Coinbase has reportedly stopped support for the institution’s Signet payment platform.According to a March 20 report from the Wall Street Journal, Coinbase users won’t be able to use Signet to send funds outside of banking hours until
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FDIC Announces Sale of Signature Bank Assets to New York Community Bancorp
FDIC said that the deal between Signature and Flagstar would cost the Deposit Insurance Fund an estimated $2.5 billion. On Sunday, March 19, the Federal Deposit Insurance Corporation announced that Flagstar Bank, a subsidiary of the New York Community Bancorp, has entered an agreement with US regulators to secure the deposits
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FDIC sells Signature Bank deposits to Flagstar, crypto not included
Only a week after its collapse, Signature Bank’s deposits and loans are set to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp — crypto-related deposits however, will not be part of the deal. The United States Federal Deposit Insurance Corporation (FDIC) announced the agreement on March
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Signature Bank Deposits to Be Assumed by New York Community Bank Unit: FDIC
The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., as of Monday. Source
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