Signature’s crypto clients told to close their accounts by April 5: Report
Any crypto deposits not transferred to another bank by April 5 will be liquidated and a check mailed to the client’s address. Go to Source Powered by WPeMatico
New York Community Bancorp
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Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the … Read more
FDIC sells Signature Bank deposits to Flagstar, crypto not included
The 40 branches of Signature Bank will officially reopen and operate as Flagstar Bank on March 20. Go to Source Powered by WPeMatico
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDIs) and community banks across the United … Read more
