New York-based Signature Bank, a big lender in the crypto industry, was shut down by U.S. regulators on Sunday in a bid to prevent the spreading banking crisis. The banking regulators said depositors at Signature Bank will have full access to their deposits, a similar move to ensure depositors at the failed Silicon Valley Bank will get their money back. Signature Bank Shut Down Follows Silicon Valley Bank’s Shut Down The regulators shuttered Silicon Valley Bank on Friday and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis — and the second-largest ever. The dramatic moves come just days after the tech-focused institution The post Signature Bank Shut Down by US Regulators On The Account of “Systemic Risk” appeared first on Cryptoknowmics-Crypto News and Media Platform .
