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NY bank's demise: Contagion or a problem with the business?

Por: Associated Press Tech March 16, 2023

Signature Bank’s collapse came stunningly fast, leaving behind the question of whether there was a fundamental flaw in the way it did business — or if it was just a victim of after the failure of Silicon Valley Bank.There were few outward signs that Signature Bank was crumbling before the New York Department of Financial Services on Sunday seized the bank’s assets and asked the Federal Deposit Insurance Corp. take over its operations. The... + full article



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