Signature Financial institution to Scale back Crypto-Tied Deposits by as A lot as $10 Billion

Almost 1 / 4 of the New York-based financial institution’s $103 billion in whole deposits, or roughly 23.5%, got here from the crypto trade as of September 2022. However given the latest “points” within the house, Signature will scale back that quantity to below 15% finally, DePaolo stated.

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