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Signature Bank faced criminal probe ahead of its collapse – Bloomberg News
2023.03.14 21:34
© Reuters. FILE PHOTO: A person walks into the lobby of the Signature Bank headquarters, in New York City, U.S., March 13, 2023. REUTERS/David ‘Dee’ Delgado/File Photo
(Reuters) – U.S. prosecutors were investigating Signature Bank (NASDAQ:)’s work with crypto clients before regulators suddenly seized the lender, Bloomberg News reported on Tuesday, citing people familiar with the matter.
U.S. Justice Department investigators in Washington and Manhattan were examining whether the New York bank took sufficient steps to detect potential money laundering by clients, according to the report.
