Signature Bank plans to reduce its crypto-tied deposits by $8B-$10B to under 15%; as of September 2022, ~23.5% of the bank’s $103B deposits came from crypto (Helene Braun/CoinDesk)
Helene Braun / CoinDesk:
Signature Bank plans to reduce its crypto-tied deposits by $8B-$10B to under 15%; as of September 2022, ~23.5% of the bank’s $103B deposits came from crypto — Nearly a quarter of the Wall Street bank’s current deposits come from crypto-related businesses.