![]() ![]() AP Photo/Seth Wenig Signature Bank of New York’s collapse is the third-largest bank failure in US history. Signature Bank was being investigated by the feds before it was shut down on Sunday, according to a report. It is also unclear when the investigation was opened and whether it played a role in the decision by New York state regulators and the FDIC to shut it down. Signature has not been accused of wrongdoing. SEC Chair Gary Gensler released a statement Sunday vowing to “investigate and bring enforcement actions if we find violations of the federal securities laws.” Officials at the Justice Department, the US Attorney’s Office, and the Securities and Exchange Commission were not immediately available for comment. Signature Bridge Bank is the newly created, federally run entity that is handling Signature accounts following the lender’s takeover on Sunday by the Federal Deposit Insurance Corp. When reached by The Post, a spokesperson for Signature Bridge Bank declined to comment. ![]() Justice Department officials in New York and Washington, DC, were investigating Signature for allegedly being lax in flagging suspicious financial transactions, Bloomberg News reported. Powell’s sappy talk on banks is weak after several collapsesįederal investigators were looking into whether Signature Bank was vigilant enough in cracking down on money laundering by its clients just before the failed New York-based lender was thrown into receivership, according to a report. Fetterman suggests work requirements for bailed-out bank execs in choppy Senate hearing remarksĮx-SVB CEO Greg Becker grilled by lawmakers: ‘You made a really stupid bet’Įx-SVB CEO Greg Becker blames rate hikes, withdrawals for bank’s collapse
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