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Signature Bank Shutdown Caused by ‘Crisis of Confidence’ in Leadership, NYDFS Says
![Signature Bank Shutdown Caused by ‘Crisis of Confidence’ in Leadership, NYDFS Says Signature Bank Shutdown Caused by ‘Crisis of Confidence’ in Leadership, NYDFS Says](https://i0.wp.com/www.coindesk.com/resizer/gZCasjH5e4oh9-Hrm6tnLG-PXEU=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/Q3AJQAUVFBBPJDYNJ52FWWNXTM.jpg?resize=780%2C470&ssl=1)
“The decisions made over the weekend were not crypto related,” the spokesperson said. “Signature was a traditional commercial bank with a wide range of activities and customers, including small businesses like food vendors at Hunt’s Point, residential mortgage banking, commercial real estate, to name a few. DFS has been facilitating well-regulated crypto activities for several years, and is a national model for regulating the space.”
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