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  • 24h Vol: $61,102,931,072.84
  • BTC Dominance: 56.53%

New York Department of Financial Services

new-york-regulator-calls-crypto-theories-associated-with-signature-bank-closure-‘ludicrous’

New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’

Leave a Comment / Adrienne A. Harris, Barney Frank, Bitcoin, Choke Point 2.0, Crypto Hacked, Cryptocurrency, Dodd-Frank Act, Ethereum, New York Department of Financial Services, Regulation, Signature Bank closure, Signature Bank crypto, Uninsured Deposits / / / , , , , , , , ,

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 […]

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ny-regulators-seize-control-of-signature-bank,-depositors-assured-by-federal-bailout

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

Leave a Comment / Adrienne Harris, Assets, backstop, Bailout, bank collapse, Banking system, Bankruptcy, Bitcoin, BTFP, Crypto Hacked, crypto-friendly bank, Cryptocurrency, deposit insurance, depositors, Ethereum, Exchange Stabilization Fund, failed banks, FDIC, Federal Reserve Bank Term Funding Program, Financial Institutions, Financial regulators, Funds, joint statement, market observers, New York Department of Financial Services, News, plan, Public confidence, Regulation, resolution, secretary of the Treasury, Signature Bank, Silicon Valley Bank, Silvergate Bank, superintendent, Taxpayer, total deposits, treasury department, U.S. Central Bank, U.S. economy, U.S. Federal Reserve / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be

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