yuga.eth pfp
yuga.eth
@yuga
Does anybody understand why precisely Signature Bank got shut down? Nobody seems to be asking or answering this question.
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phil pfp
phil
@phil
https://warpcast.com/giu/0x199f8e
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daniel pfp
daniel
@pcdkd
It's in most of the news articles about it? https://www.nytimes.com/2023/03/12/business/signature-bank-collapse.html
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Metaversity pfp
Metaversity
@metaversity
Throttling crypto flows. Simple.
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Brian 🌎☮️ 🎩 pfp
Brian 🌎☮️ 🎩
@bp
Bloomberg says there were heavy outflows and that assets were less diversified than peers which made managing erosion of bond value more difficult. Seems preemptive. Given that there are rumors other small banks are going to fail its probably narrative control and getting out in front of the problem.
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