U.S. prosecutors were investigating Signature Bank's association with crypto clients before regulators suddenly seized the lender last weekend, Bloomberg News reported on Tuesday, citing people familiar with the matter.
A person walks into the lobby of the Signature Bank headquarters, in New York City, U.S., March 13, 2023. REUTERS/David 'Dee' Delgado/File Photoassociation with crypto clients before regulators suddenly seized the lender last weekend, Bloomberg News reported on Tuesday, citing people familiar with the matter.
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The U.S. Federal Deposit Insurance Corporation, which has taken control of the lender, declined to comment on the report. The SEC, Justice Department and Signature Bank didn't immediately respond to Reuters' request for comments.
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