Signature Bank to Reduce Crypto-Tied Deposits by as Much as $10 Billion

Crypto-Related Stocks Bounce as Bitcoin Retakes $22K

Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will reduce that amount to under 15% eventually, DePaolo said.

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