Signature Bank

Signature Bank Names Its COO as New CEO Following Crypto Troubles
Signature Bank Names Its COO as New CEO Following Crypto Troubles
February 16, 2023  |  Personnel

Signature Bank has named a new chief executive following a stretch of cryptocurrency-related headaches. Joseph DePaolo, the bank’s longtime president and CEO, will move into...

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Signature Bank Sued for Allegedly ‘Facilitating’ FTX Fraud
Signature Bank Sued for Allegedly ‘Facilitating’ FTX Fraud
February 07, 2023  |  Cryptocurrency

Signature Bank is facing a federal lawsuit for its role in the collapse of FTX. The lawsuit, filed Monday (Feb. 6) by trading firm Statistica Capital, says the...

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Report: Signature Bank Puts $100K Minimum on Crypto Transactions
Report: Signature Bank Puts $100K Minimum on Crypto Transactions
January 23, 2023  |  Cryptocurrency

Signature Bank has reportedly placed a new threshold on the cryptocurrency transactions it will handle. According to crypto exchange Binance, the bank will stop supporting...

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Silvergate and Signature Banks Tap FHLB Funds for Crypto Lending
Silvergate and Signature Banks Tap FHLB Funds for Crypto Lending
January 22, 2023  |  Cryptocurrency

Two cryptocurrency-sector banks have turned to the federal mortgage system to ease customer withdrawals. Silvergate Capital and Signature Bank have borrowed billions from Federal Home...

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Crypto Winter Causes Crypto-Friendly Bank Deposits to Drop
Crypto Winter Causes Crypto-Friendly Bank Deposits to Drop
December 26, 2022  |  Cryptocurrency

This year’s crypto winter has begun to impact banks that deal with digital assets. That’s according to a recent report by S&P Global, which said...

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Senators Ask Regulators About Bank-Crypto Firm Ties
Senators Ask Regulators About Bank-Crypto Firm Ties
December 08, 2022  |  Cryptocurrency

Two senators are asking regulators about links between banks and cryptocurrency firms.  In letters sent Wednesday (Dec. 7) to the heads of the Federal Reserve...

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Signature Bank Tries to Distance Itself From Crypto
Signature Bank Tries to Distance Itself From Crypto
December 06, 2022  |  Cryptocurrency

Signature Bank is reportedly reducing its cryptocurrency exposure after having courted the industry.  The Financial Times reported Tuesday (Dec. 6) that while 23% of the...

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Signature Bank Announces Public Stock Offering Pricing
Signature Bank Announces Public Stock Offering Pricing
January 19, 2022  |  Banking

New York-based commercial bank Signature Bank on Tuesday (Jan. 18) unveiled the pricing for its underwritten offering of 2.1 million shares of common stock at...

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Boston FinTech Circle Teams With NYC’s Signature Bank
Boston FinTech Circle Teams With NYC’s Signature Bank
April 19, 2021  |  Banking

Boston-based FinTech Circle has chosen New York City-headquartered Signature Bank to become its lead financial institution to hold reserve deposits, the firm announced in a...

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