The government’s decision to seize Signature Bank is reportedly due to regulators losing faith in the management after the New York-based commercial bank lost 20% of its deposits on Friday, or approximately $17.8 billion. According to Bloomberg, Signature was placed into receivership and taken over by the Federal Deposit Insurance Corporation (FDIC) because regulators are The post Signature Bank’s Closure Due to ‘Crisis of Confidence’ in Its Leaders – Not Crypto, Says Regulator: Report appeared first on The Daily Hodl .
