Thursday, 5 March, 2026
FDIC and Treasury Shut down Signature Bank over Crypto Risks
By Basit Ansari
<p>The Federal Deposit Insurance Corporation (FDIC) and the Treasury Department have closed down Signature Bank, a cryptocurrency-focused bank in New York. The move comes amidst growing concerns over the safety and regulation of the crypto industry, with several high-profile bankruptcies and fraud cases recently reported. Signature Bank had been one of the few banks to offer services to cryptocurrency firms.</p>
Read full story at Business Today
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