FDIC Denies Report Signature Bank Purchaser Must Divest Crypto

The Federal Deposit Insurance Corporation denied it would require any purchaser of Signature Bank to divest its crypto activities.

The FDIC responded to a Wednesday Reuters report which said “any buyer of Signature must agree to give up all the crypto business at the bank,” citing two unnamed sources. An FDIC spokesperson denied this to Reuters.

Source: FDIC Denies Report Signature Bank Purchaser Must Divest Crypto