Significant Bank Failures Force Regulators To Shut Singnature Bank. Read more in description.✓>>👇

The second significant bank failure in three days occurred on Sunday when regulators closed Signature Bank.

Following the Friday regulatory seizure of midsize lender SVB Financial Corp., the New York-based bank had a crisis of confidence. When the cryptocurrency sector collapsed and banking regulators tightened their control over lenders' exposure to digital assets, Signature was also hurting from a gamble on crypto banking that failed. The failure ranks third in magnitude in American history.