Tagged: signature bank

New York’s Crypto Friendly Signature Bank Reveals $8 Billion in Deposit Growth this Quarter, with 2.5% of them from Blockchain Firms

New York-based Signature Bank (Nasdaq: SBNY), a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reported consistent and steady growth this quarter. According to the bank’s recent earnings call, it has achieved around $8 billion in deposit growth. Approximately 2.5% of these… Read More

Signature Bank Debuts Digital Payments Platform on the Fireblocks Network

Signature Bank (Nasdaq: SBNY), a U.S.-based full-service commercial bank, announced on Tuesday the launch and integration of the full functionality of its proprietary, blockchain-based digital payments platform, Signet, with Fireblocks, an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. Effective immediately, Signature… Read More

Cryptocurrency-friendly Signature Bank Reports 30% Decline in Net Income during Q1 2020 Due to Coronavirus Outbreak

New York-based Signature Bank, a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reportedly experienced a 30% drop in its total income during Q1 2020, when compared to the same time period last year. This could be due to the Coronavirus (COVID-19)… Read More

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