• CNBC reported that Signature Bank was deeply invested in volatile cryptocurrency and had $110.4 billion in total assets and $88.6 billion in total deposits as of the end of 2022.
• After Sunday’s move by state regulators, the Federal Deposit Insurance Corporation (FDIC) took control of the bank.
• In the same Twitter thread, Roch-Decter said a former Signature Bank employee told her, “The Management Team was basically like the show, the Office. They’d waste money on things like producing parody videos.”

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