barrons.com
If crypto companies had hope of restarting business with one of the industry’s favorite banks, they should think again. Any buyer of Signature Bank, closed down last weekend by regulators, would have to ditch crypto altogether, according to a report.
Signature Bank (ticker: SBNY) was left standing as one of the few U.S. lenders to do business with crypto companies after Silvergate Capital (SI) announced last week that it would voluntarily wind down and liquidate its bank. It didn’t last long.