Finance
FDIC says Signature Bank collapsed due to poor management
A new report released by the Federal Deposit Insurance Corporation Friday said the Signature Bank collapse was a product of poor management. The FDIC report argued that the Silicon Valley bank managers didn’t understand cryptocurrency, which made up 20% of its deposits.
Top Stories
Trending
- US senators clash over competing plans to extend Social Security funding
- Blackburn says Senate has the votes to confirm Blanche, more evidence on Jack Smith has emerged
- Education Secretary McMahon asks American universities to outline commitments to ‘national service’
- Progressive challenger ousts Rep. Shri Thanedar, who tried to impeach Trump
- State Department expands social media vetting in visa applications to foreign media representatives