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Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says

The Federal Deposit Insurance Corp. said Signature’s exposure to crypto industry deposits was also a contributing factor.

Updated May 1, 2023, 5:49 p.m. Published Apr 28, 2023, 5:00 p.m.
FDIC Chairman Martin Gruenberg (Alex Wong/Getty Images)
FDIC Chairman Martin Gruenberg (Alex Wong/Getty Images)