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Waiting for tomorrow like
SVB had NO head of 'risk assessment' for nine months before it collapsed... as woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a 'Lesbian Visibility Day'
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Article
Why did Signature get shut down?
“There is no publicly available information on why Signature Bank was shut down by NYDFS.
The press release cites New York Banking Law Section 606, which is a laundry list of conditions under which the superintendent may seize possession of the bank.
What exactly happened?
Barney Frank, author of the eponymous Dodd-Frank bill that reshaped the financial industry in the wake of the GFC, sat on the Board of Signature.
Even he doesn’t know why they got shut down.”
“There is no publicly available information on why Signature Bank was shut down by NYDFS.
The press release cites New York Banking Law Section 606, which is a laundry list of conditions under which the superintendent may seize possession of the bank.
What exactly happened?
Barney Frank, author of the eponymous Dodd-Frank bill that reshaped the financial industry in the wake of the GFC, sat on the Board of Signature.
Even he doesn’t know why they got shut down.”