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Signature Bank (SBNY) to Reduce Crypto Exposure by $8-$10B

Signature Bank to Reduce Crypto-Tied Deposits by as Much as

Signature Bank (SBNY) will shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion, signaling a move away from the digital asset industry for the bank that

Signature Bank

After achieving significant growth from accepting crypto deposits, Signature Bank SBNY recently announced at an industry conference that it would reduce deposits tied to

Signature Bank to Reduce Crypto-Tied Deposits by $10

Signature Bank (SBNY) is likely to reduce deposits tied to cryptocurrencies by $8 billion to $10 billion and eventually reduce digital asset-related deposit exposure to less

Crypto

Signature Bank (SBNY) will shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion. Nearly a quarter of the New York-based bank’s $103 billion in total

Signature says it is ‘not just a crypto bank’ as it sheds

Crypto-friendly Signature Bank (SBNY) has announced that it will reduce its crypto-linked deposits by $8 billion to $10 billion due to the volatile market conditions in the

Crypto

Signature Bank slashes crypto deposits by $10B after FTX crash

Crypto-friendly Signature Bank (SBNY) announced that it would shrink its deposits tied to crypto assets by $8 – $10 billion. SBNY’s decision indicates that the bank

Signature Bank to Shrink Its Deposits Tied to Cryptocurrencies by

Signature Bank shrinks crypto-tied deposits by $8-10B - CryptoSlate