Potential buyers of Signature Bank should commit themselves not to conduct activities related to the crypto business — Reuters
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Any buyer of Signature Bank must agree to give up the entire cryptocurrency business of the bank
The FDIC told potential buyers to apply by March 17.
On March 10, Signature's clients, frightened by the collapse of SVB, withdrew, according to various sources, from $10 billion to $17.8 billion.
Among the banks that studied but declined the offer at the SVB auction last weekend were PNC Financial Services and Royal Bank of Canada.
Meanwhile, the former acting head of the US Comptroller of the Currency, Brian Brooks, said that the US government wants to use the crisis in the banking industry to block the access of crypto firms to banks. According to him, the Biden administration considers cryptocurrencies risky and therefore they should be extracted from the banking system.
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