Crypto
FDIC Cites Poor Management, Contagion Risk as Reasons for Signature Bank’s Failure
![](https://blacknewsdaily.com/wp-content/uploads/2023/04/47ZKYYZJN5DK7NBL4A7LF3JPJQ-780x470.jpg)
Signature Bank, a crypto-friendly institution, fell apart because of mismanagement by its officers and “contagion effects” after the collapse of Silicon Valley Bank and wind-down of Silvergate Bank, a federal bank regulator said in a report Friday.