So what brought Signature Bank down?
Heard a shit ton about SVB, but what's the deal with Signature?
Discussion
All banks have gotten wrecked owning fed bonds. They are all fuqd.
Yes, I'm aware lots of banks have the same problem/issue. But they weren't going into fifth third bank, or s&t bank. And all media coverage is regarding SVB not alot mentioned about Signature beside the FDIC takeover headline. Was wondering if I missed something.
Barney Frank is saying it was not insolvent and was targeted by regulators for being crypto-friendly. Seems suspicious to me tho
