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coinpedia
2023-03-14 11:04:10

FDIC Takes Control: SVB and Signature Bank Assets In Question Amid Crypto Market Rally

FDIC Takes Control: SVB and Signature Bank Assets In Question Amid Crypto Market Rally

The post FDIC Takes Control: SVB and Signature Bank Assets In Question Amid Crypto Market Rally appeared first on Coinpedia Fintech News In a joint statement released by the US Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC), it was announced that the FDIC has taken control of the assets of both Silicon Valley Bank and Signature Bank. The move was taken to protect depositors, and all customers who had deposits in these banks will …

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