FDIC pins Signature Bank ' s failure on poor governance and illiquidity

The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse. Signature Bank was shut down by federal regulators on March 12 in a bid to…#fdic #sbny #signaturebank #silvergatebank #siliconvalleybank #signaturebanks #nydfs #justicedepartment #eos

Source: Reuters: Health - April 30, 2023 Category: Consumer Health News Source Type: news