FDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg

by Aurelia Butler 29 March 2023, 22:40 179 Views

In a March 29 hearing of the U.S. House Financial Services Committee exploring federal regulators’ responses to recent bank failures, Gruenberg said the deposits that were not included in the bid from a New York Community Bancorp (NYSE:NYCB) subsidiary for Signature would be returned “by early next week” — roughly $4 billion tied to digital assets. Reports had suggested that the FDIC would close all crypto-related accounts not part of the NYCB deal by April 5 if depositors didn’t move their funds.

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Source: Cryptocurrency - investing.com

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FDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg

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