ABC News’ Elizabeth Schulze breaks down the report finding bank managers failed to manage the bank’s risk. WATCH the ABC News Live Stream Here: SUBSCRIBE to ABC NEWS: Watch More on LIKE ABC News on FACEBOOK FOLLOW ABC News on TWITTER: #ABCNLUpdate #signaturebank #fdic #abcnews... ( read more )
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The Federal Deposit Insurance Corporation (FDIC) has released their report on the failure of Signature Bank. The report details the events leading up to the bank's closure, as well as the FDIC's actions to protect depositors and resolve the situation. Signature Bank, based in Minnesota, was closed by the FDIC on May 31, 2019. At the time of its closure, Signature Bank had approximately $131.4 million in total assets and $127.4 million in total deposits. According to the FDIC's rep
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