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19 Jul 15:07

About our Signature Bank news

Latest news on Signature Bank, a full-service commercial bank founded in 2001, primarily serving rich clients in the New York City area. Over time, the bank expanded geographically and in terms of services, and in 2018, it opened itself to the cryptocurrency industry, which represented 30 percent of its deposits by 2021. The bank had total assets of $110.4 billion and deposits of $82.6 billion at the end of 2022. However, on 12 March 2023 the bank was closed by New York banking officials, following the failure of Silicon Valley Bank, making it the third-largest bank failure in U.S. history.

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