Does anybody understand why precisely Signature Bank got shut down? Nobody seems to be asking or answering this question.

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It's in most of the news articles about it?

https://www.nytimes.com/2023/03/12/business/signature-bank-collapse.html

founder @ paperchain.com. smoker's club. always was, always will be aboriginal land.

"Signature saw a torrent of deposits leaving its coffers, according to a person with knowledge of the matter. Its stock, along with the stocks of some of its peers, also continued to tank."

Monday bloodbath was coming. 90% of its deposits above 250k. Bank assets illiquid and couldn't match the outflow.

No? Where in that article does it say why regulators closed the bank?