Signature Bank's Crypto-Related $4B Deposits Will Be Returned To Customers: What Else Is Planned?
Signature Bank's digital-assets business will not be acquired by a unit of New York Community Bancorp as previously anticipated. Customers' crypto-related deposits, amounting to approximately $4 billion, will be returned to them directly, according to a deal announced by the Federal Deposit Insurance Corp. (FDIC) on Sunday.