Signature Bank collapsed due to poor management - FDIC

On April 28, the Federal Deposit Insurance Corporation (FDIC) published a report on the causes of the collapse of Signature Bank. According to him, the organization closed due to the carelessness of management and “infection” in the sector.

The second refers to the “domino effect”. The FDIC insists that the bank failed to cope with pressure after the situation worsened amid the bankruptcy of Silvergate and SVB.