FDIC pins Signature Bank’s failure on poor governance and illiquidity By Cointelegraph


The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (OTC:) revealed poor management and inadequate risk management practices as the root cause for its collapse.

Signature Bank was shut down by federal regulators on March 12 in a bid to protect the U.S. economy and strengthen public confidence in the banking system. FDIC was appointed to handle the insurance process.

Correlation of SBNY’s stock price to crypto-industry events. Source: FDIC
Proposed SRs from targeted review Supervisory Letters in process at the time of SBNY’s failure. Source: FDIC