Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Liquidity failure and risk-control scrutiny
Regulators closed Signature after a deposit run exposed its dependence on uninsured commercial deposits and weaknesses in liquidity planning, governance, and risk controls. Subsequent reviews also examined whether the bank adequately monitored cryptocurrency-related transactions for money laundering.
2023
Law-enforcement investigations after closure
The Department of Justice and the Securities and Exchange Commission investigated aspects of Signature’s customer-monitoring and cryptocurrency-related activity after the bank failed.